Q&A
November 15, 2022
Question: What is “mortgage life insurance” and why do I need it when I already have private mortgage insurance? Answer: Private mortgage insurance and mortgage life insurance are two very […]
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Understanding Mortgages
August 11, 2022
Question: We received a letter from our lender saying our mortgage has been sold to someone else. Have we done something wrong? Is there some kind of problem here? Answer: […]
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Q&A
July 24, 2022
The typical new car loan costs $648 per month, while the average new lease costs $522 per month, according to an Experian report from the first quarter of 2022. Since […]
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Refinance
September 1, 2021
Editor’s Note: HIRO is temporarily paused due to volume. But you may be eligible to refinance with another program. Speak with a mortgage expert to understand your options. The Fannie […]
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Refinance
March 26, 2021
What is FMERR? If you’ve never heard of a Freddie Mac Enhanced Relief Refinance — a “FMERR” loan — you’re not alone. Available to homeowners since the beginning of the […]
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Niche Mortgage Products · Q&A
October 28, 2019
Longer term financing is still available, despite falling out of favor after the housing crash 10 years ago. But, finding a lender that offers a 40-year mortgage lender can be […]
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Q&A
October 15, 2018
Question: What is mortgage income? I want to apply for a mortgage but worry that much of my income will not be counted. I receive child support plus much of my […]
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Q&A
October 1, 2018
Question: I want to get a mortgage. Interest rates I understand but what is an APR and why is it higher than the interest rate? Answer: When you buy something […]
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Q&A
September 24, 2018
Question: We want cash-out refinancing. The value of our home has increased significantly in the past five years. We want to now get a cash-out refinance but worry that rising mortgage […]
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Q&A
September 5, 2018
Question: My credit score has gone up significantly during the past year even though my debts and monthly payments have largely stayed the same. Are the new numbers real or […]
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