What percentage of income should go to mortgage?
March 10, 2021
What percentage of your monthly income should go to mortgage? A general rule of thumb for homebuyers is your home loan should eat up no more than 28% of your […]
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Cash Out Refinance · Refinance · Understanding Mortgages
What is a Cash Out Refinance?
March 10, 2021
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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Cash Out Refinance vs HELOC: What’s the difference?
March 10, 2021
A cash out refinance or HELOC (home equity line of credit) lets you turn some of your “equity” into cash. But when you’re choosing between them, you’ll need to consider the specifics of your financial situation.
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How many times can you use a VA loan?
March 9, 2021
How many times can you use VA loan benefits? The good news is that you can use your VA loan benefits as many times as you like. Indeed, in some, […]
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How Long Does a Refinance Take?
March 9, 2021
Refinances typically require 30-45 days from start to finish.
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Rent vs Buy: Which is better?
March 9, 2021
That’s a question without a simple answer; it depends on the specifics of your lifestyle and finances.
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When is the best time of year to buy a house?
March 9, 2021
Winter is likely the best time of year to buy a home if price is your primary consideration, but buyers looking for options will find the widest selection of properties during the spring.
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How much should you put down on a house?
March 8, 2021
There’s no one-size-fits-all answer to this one and it’s going to depend on a number of factors, including the type of mortgage you want and your personal financial circumstances.
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How much does it cost to refinance?
March 8, 2021
It typically costs between 2% and 5% of the amount you’re borrowing to cover the closing costs of your refinance.
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How much is PMI (private mortgage insurance)?
March 8, 2021
How much is PMI on a mortgage? Private mortgage insurance (PMI) is usually between 0.19% and 1.86% of your mortgage balance. And you sometimes need to pay an upfront premium […]
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Tim Lucas
Mortgage expert Tim Lucas has been helping home owners for over 12 years.
