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mortgage : Insurance

About Pre-Approvals

When applying for a home loan, a consumer can get pre-qualified or pre-approved. There is a significant difference between the two options, however, and pre-approvals will always put a buyer in a better negotiating position.

Now that rates are down, should I refinance?

When to refinance Unless your mortgage rates are really rock-bottom low, call it luck or sheer shrewd negotiation skills, now that interest rates are going down, you may want to consider refinancing. Getting out of ...

How to Finance a Home With a Cosigner

Applying for a mortgage loan with a co-signer who has an established credit history can help lower your interest rates and reduce your monthly repayment amount. While many people are hesitant to co-sign a loan agreement, you can reassure a trusted family member or friend that there is some level of

Various Types Of Mortgages

Remortgages are carried out by home owners who want to release the funds in their home and apply for a new mortgage to hit two birds with one stone. They can choose to get this ...

Fixed Rate Mortgage - Part 1

The monthly payments for 30 year or 15 year fixed mortgages are the main considerations for many people who are looking to buy a home. Buying a home later in life means that many people want to have the mortgage paid off early.

Buy to Let Mortgages. Landlords Face New Rules

A buy to let mortgages may become a more viable option for larger properties as a result of the new regulations affecting properties in multiple occupation. This article explains.

Secret of Successful Refinance Your Investment

Apart from smaller number of player in mortgage market, competition is still alive. So it is important to understand owner where is the best investment. In essence refinancing the mortgage on investment property is no ...

Your Reverse Mortgage Guide

The HUD FHA Reverse Mortgage (also known as the Home Equity Conversion Mortgage) agent efficiently provides you with estimate home values and loan amounts using the Reverse Mortgage Calculator.

What Are the Pros of Reverse Mortgages?

A reverse mortgage is a financial product that allows senior homeowners to convert equity in a home into cash. Unlike a home equity loan or line of credit, the homeowner does not have to make payments on the borrowed money. In the case of a reverse mortgage, the lender receives repayment of the mone

Mortgage Settlement Deal Reached

After nearly two years of investigation and a lengthy legal battle, a settlement agreement has been reached over the mortgage and unlawful foreclosure practices. Several big banks took center stage of the investigation, along with ...

How Does Suicide Affect Life Insurance?

Life insurance can be abused by claimants who commit suicide specifically to ensure a payout – but there is a clause in policies to counter this.The Suicide Clause limits payments if the life insurance policy-holder’s death by suicide occurs within two years.

What to Do if a Home Depreciates When You Refinance

By refinancing your existing mortgage loan into one with a lower interest rate, you can reduce your monthly home loan bill by $100, depending on the size of your mortgage loan and the drop in your interest rate. But if your home value has fallen since you first bought it, you might not have enough e

9 Common Costly Mortgage Refinancing Mistakes

It may be a good idea to refinance your current mortgage in search of a better mortgage loan rate. Just make sure you dont fall for the common mortgage loan refinancing mistakes many others have. The

HUD Refinancing Guidelines

The U.S. Department of Housing and Urban Development has allowed refinancing through the Federal Housing Authority since the 1980s. The program allows FHA/HUD loans to be streamlined for refinancing. Streamlining refers to the amount of paperwork and documentation you must fill out. It also reduces