What mortgage rate can you get with an 800 credit score?
June 30, 2023
FICO scores range from 300-850 — so getting in the 800s can be a feat. Fortunately, there are benefits to having a higher credit score. A high credit score makes […]
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News · Understanding Mortgages
Common Mortgage Underwriting Problems that Could Stop Your Loan Approval
November 15, 2022
The application process to get a mortgage may seem a little daunting with all the information you reveal. But just because you get through the application doesn’t mean it’s over, […]
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Can You Use Bitcoin For a Downpayment on a House?
November 15, 2022
For most of its 10-year history, serious interest in Bitcoin was largely limited to computer geeks and cyber criminals. (According to Europol, “Bitcoin [is] the currency of choice in criminal […]
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Cash Out Refinance · Refinance · Understanding Mortgages
What is a cash-out refinance?
November 15, 2022
A cash out refinance can put money in your pocket or pay off big debts. Here are some guidelines and things to think about before opening a cash out loan.
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Home Buying · Understanding Mortgages
Borrow From Your 401k to Buy A Home
November 15, 2022
Saving up money for a down payment and closing costs to buy a house is one of the basic requirements in order to qualify for a home loan. It can […]
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Home Buying · Understanding Mortgages
How to Write a Letter of Explanation | Template & Examples
November 15, 2022
When you’re asked to write a letter of explanation by a mortgage underwriter, look at this as a valuable opportunity to clearly communicate your situation. Standard mortgage forms often don’t […]
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Home Buying · Understanding Mortgages
Paying Cash for a House : Reimbursement via the “Delayed Financing” Cash Out Refinance
November 15, 2022
Many home buyers find themselves in situations where they want or need to pay cash for a home. Maybe the home is in disrepair and not eligible for financing. Maybe […]
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Refinance · Understanding Mortgages
Home Equity Line of Credit (HELOC): What You Need to Know
November 1, 2022
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund remodel projects […]
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Home Buying · Understanding Mortgages · USDA Home Loans
USDA Loans: First-time Home Buyer’s Guide
October 20, 2022
First-time home buyers can get three big benefits from a USDA loan: Buying with no money down: Usually, home buyers put at least 3% down, and a lot of buyers […]
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Mortgage Strategy · Understanding Mortgages
How To Pay Off Your Mortgage Early
October 11, 2022
Paying off your mortgage early could be a great financial move if you use the right strategy. It can help you to build equity more quickly and also reduces the total amount of interest you’ll pay over the life of the loan.
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