You find yourself bankrupt and you are wondering about things about your mortgage. Can you still get a home mortgage after bankruptcy? This is the question that is foremost in your mind. The good news is that there is still hope for you. Below are some of the questions that people are asking about home […]
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Since the 2008 real estate bubble meltdown, an unprecedented number of Americans have opted to do what’s called “strategic default.” This is when you choose to default on your mortgage not because you can’t afford it, but simply because it makes more financial sense than any of your other options. What specific conditions might warrant […]
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There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal. When you get an interest-only mortgage, […]
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The mortgage broker is the person who would deal with you directly to provide the funds to make your dream home come true. You might not be able to choose all the people who will be working on your mortgage. But the mortgage broker is one person whom you need to choose and do so […]
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If you’re thinking about selling your house, you might want to wait. Taking just a month or two to improve the value of your home could help you tuck away thousands later down the line. Here are five simple and straightforward things you can do to improve the value of your home before listing. Repaint […]
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Foreclosed homes are always an attraction for real estate investors as well as for people who intend to buy a home to live in. There might be some reasons behind this popularity of foreclosed homes. Other than the possibility of a better deal, there are other advantages of buying foreclosed homes. Read on and find […]
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Thinking of buying a home but wondering where you can find the lowest mortgage rates? No problem. For most people who are shopping for the lowest mortgage rates, the Internet is usually the first place to start. Below is a list of some sites that feature the lowest mortgage rates available today. Lowest Mortgage Rates […]
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If you’re underwater on your property and having trouble making payments, getting a loan modification could be a much more reasonable approach than a straight out default or foreclosure. A loan modification involves restructuring your existing loan so that your payments drop below 31% of your gross monthly income. In other words, your bank will […]
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If you’re “upside-down” on your mortgage, meaning you owe more on your home than the home is worth, what are your options? This is an incredibly common situation in today’s rocky mortgage climate. The upside is that because this issue is so common, there are quite a few options on the table. Here are some […]
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There are also factors that make investing in foreclosed homes something to think carefully about before jumping in. When compared to all of the advantages, the disadvantages involved are only a very small factor. This is why investment in foreclosed homes is still popular. Let’s look at some of the disadvantages involved in buying foreclosed […]
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