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Mortgages

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Don’t Forget the Reverse Merger

Foreclosures are continuing to rise and it doesn’t look like they will be letting up anytime soon. Many homeowners may not have many options available to them until Congress agrees on a solution, but those older than 62 do have one other big option - a reverse mortgage. These allow you to take out a […]

Popularity: 9% [?]

3Mar2008 | Justin Kuepper | 0 comments | Continued
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Fed Sees Hope in Housing Amid Stagflation

Many economists believe that the US economy may now be at risk of stagflation - a term used to describe a period of slowed economic growth and rising unemployment with the possibility of recession. The notion was supported by U.S. consumer confidence that recently slumped to five year lows on grim news on housing prices […]

Popularity: 10% [?]

27Feb2008 | Justin Kuepper | 0 comments | Continued
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Large UK Lender Requires 25% Down

Nationwide UK announced increased standards this week that may put a huge stop on home buying by those with poor credit. The lender will tell homebuyers that unless they have a deposit of 25% or more of the value of a property, they will face higher mortgage rates. The move will be a blow to […]

Popularity: 10% [?]

25Feb2008 | Justin Kuepper | 0 comments | Continued
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Getting a Mortgage with Bad Credit

Those with bad credit can have a very difficult time getting a mortgage, especially these days when lending standards are tightened. These standards will likely loosen over the next few years as the market improves, but there are still some basic tips that you should keep in mind. The key to success is realizing that […]

Popularity: 14% [?]

20Feb2008 | Justin Kuepper | 0 comments | Continued
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Refinancing 101

Refinancing is simply the process of trading an old mortgage in for a new first mortgage at a lower interest rate in order to save on monthly costs. The trade-off, of course, if the fact that the new mortgage costs money to setup and may be extended over a longer period of time. The key […]

Popularity: 22% [?]

19Feb2008 | Justin Kuepper | 2 comments | Continued
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Libor Vs. Traditional Mortgages

Libor is short for the London InterBank Offered Rate, which is the interest rate offered for U.S. dollar deposits by a group of large London banks. These rates are typically quoted for 1-month, 3-month, 6-month and 12-month deposits. A Libor mortgage is an adjustable rate mortgage on which the interest rate is tied to a […]

Popularity: 16% [?]

19Feb2008 | Justin Kuepper | 0 comments | Continued
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How to Buy Down Your Mortgage Rate

Many potential homeowners look for the lowest possible interest rate when taking out a loan, even if it means putting more money down in the beginning. Those looking to peg a certain interest rate can ask their bank or broker to quote how much a given rate would cost – known as “buying down” the […]

Popularity: 12% [?]

13Feb2008 | Justin Kuepper | 0 comments | Continued
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What Are Alt-A Loans?

Alt-A mortgages are somewhat of a grey area, but describe most subprime loans. They are charaterized by limited loan documentation, limited income verification and very little asset or employment documentation. These loans can yield credit scores from 620 to 800+, but they generally do not fall below 620, which is reserved for traditional subprime loans. […]

Popularity: 9% [?]

1Feb2008 | Justin Kuepper | 0 comments | Continued
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5 Refinancing Tips (and Advice)

Refinancing can provide you with several benefits including:

Lower Interest Rates – Paying less to borrow money is a great reason to take the time to refinance because it will lower your bills! If the current interest rate is lower than when you purchased your home, then you should consider refinancing.
Real Estate Value – Refinancing enables […]

Popularity: 9% [?]

25Jan2008 | Justin Kuepper | 0 comments | Continued
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Housing Slump Eventually Affects All

The housing slump may have proven a disaster to the east and west coasts, but there are some markets that haven’t been affected by the meltdown. A Wall Street Journal survey of housing data in 28 major metropolitan areas found that local markets still vary hugely across the country. Areas like Florida, Phoenix and Las […]

Popularity: 18% [?]

25Jan2008 | Justin Kuepper | 0 comments | Continued
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