How Does DTI And Credit Affect Your Interest Rate?
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How Does DTI And Credit Affect Your Interest Rate?

Anybody who applies for a mortgage wants to get the lowest interest rate, but that depends on the credit score. This is the most important aspect that lenders take into consideration while lending money to borrowers. However, it is not just the credit score, but several other factors as well, which decide the interest rate…

7 Reasons You Need A Homeowners Association
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7 Reasons You Need A Homeowners Association

By definition, Homeowners Association is a legal entity developed by real estate developers to manage and sell a community of homes. HOA has the right to enforce the conditions, covenants, and restrictions of the community along with managing the common amenities given to its members. HOAs offer residents of countless neighborhoods and developments with the…

Can You Prevent Foreclosure Through Mortgage Forbearance?
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Can You Prevent Foreclosure Through Mortgage Forbearance?

Repayment of home loans can be difficult at times because of the unexpected and unavoidable expenses. However, there is an option for borrowers who are having a hard time paying for their home loan, i.e., mortgage forbearance. Forbearance agreements provide homeowners with additional time to cure mortgage arrears by paying extra money every month. If…

Cash Out Refinance Loan – For Getting That Extra Money In Your Hands
Refinance

Cash Out Refinance Loan – For Getting That Extra Money In Your Hands

Applying for a cash out refinance loan is not as easy as it may seem, as there are many possibilities and factors involved in the process, which if you decide to ignore may have severe repercussions. These variables force homeowners to stay with their current mortgage because they don’t have the will to take a…

Cash Out Vs Rate/Term Mortgage – What’s The Difference?
Refinance

Cash Out Vs Rate/Term Mortgage – What’s The Difference?

Has the terminology of mortgages taken you down? Don’t worry, understanding all the complicated phrases and vocabulary like “amortization” and “loan to value” is enough to intimidate any borrower. And, if you are considering refinancing your mortgage, get ready to learn new terms: “cash-out loan” and “rate/term refinance” continue reading. The basics Refinancing is a…

Different Types of VA Loans
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Different Types of VA Loans

The honor and prestige that US war veterans bring to the nation can’t be compared to anything. This is the reason that the government has always stressed on welfare development programs for making the lives of veterans as well as the ones who are still serving the nation. A Veteran Affairs Loan Program was launched…