Mortgage

Banks Editorial Team

August 14th, 2019

An Endorsement of the Underrated 15-Year Fixed Rate Mortgage

A fixed rate mortgage will be one of the endless supply of options you will be you will be presented with when buying a home. Well, maybe using the word endless was a bit hyperbolic, but you will have a lot of options. And doing the necessary research and performing your due diligence to better […]

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Banks Editorial Team

August 6th, 2019

When Is A Home-Equity Line of Credit better Than A Cash-Out Refinancing?

Understanding the differences between a home-equity line of credit and cash-out refinance is important if you want to make the most out of the value of your home. Buying a house is typically the biggest, most life-changing decision that many Americans will ever make. With the median price for a house in the U.S. hovering […]

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Banks Editorial Team

November 12th, 2018

Lower Mortgage Interest Rates with a Higher Credit Score?

When financing a home, finding lower mortgage interest rates can save you a lot of money in the long-term. The lending industry uses the FICO credit score model to grade consumers based on a 300-850 point range. A higher score denotes that individuals in this group keep to their credit and loan obligations, as such […]

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Banks Editorial Team

November 11th, 2018

What Credit Score is Needed for a Mortgage?

The minimum credit score needed for a mortgage is as low as 500. However, if you have a credit score lower than 640, you will find it difficult to get conventional loans from banks and online lenders, and you would need either a Federal Housing Administration (FHA)-, Veteran Affairs (VA)-, Fannie Mae and Freddie Mac-, […]

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Banks Editorial Team

June 3rd, 2018

Home Refinance Loans Interest Rates For Beginners

A home refinance loans interest rates may determine if you save or loose on the process of refinancing, which is the process of obtaining a new mortgage loan that pays off the original loan, and then replaces it with the new loan terms. Some advantages of refinancing are lower monthly mortgage payments, lower interest rates […]

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Banks Editorial Team

June 2nd, 2018

7 Refinance Home Loan Advantages

Some of the refinance home loan advantages include: lower interest rates, credit management, lower monthly payments, a shorter loan span, debt consolidation, the ability to change your loan type, and access to immediate funds. Many homeowners at some point or another consider refinancing their home loan, or mortgage. But is it worth it? It’s important […]

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Banks Editorial Team

June 1st, 2018

How Often Can You Refinance Your Home?

There are many reasons why you might need to look for home refinancing again after closing on an initial refinancing agreement. Perhaps an opportunity for a better mortgage has presented itself. Or maybe unexpected life events have brought unforeseen changes to your finances. So, how often can you refinance your home? As long as you own […]

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Banks Editorial Team

May 31st, 2018

What is Refinance Mortgage, Explained Easy

Many homeowners have some idea about what is refinance mortgage and what it can do for them. If your reason is to save money or just to put a little extra flexibility in your budget, the key to refinance is making your mortgage work better for you. Would you like to lower your monthly mortgage […]

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Banks Editorial Team

May 30th, 2018

Is A No Cost Refinance Loan Right For You?

No cost refinance loans are loans where the lender or broker pays all the settlement or closing costs associated with the loan. Traditional mortgage refinances loans usually include substantial closing costs that normally are paid up-front. Closing costs can include typical lender fees such as loan origination, processing, underwriting, and closing fees. Some standard third-party […]

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Banks Editorial Team

May 29th, 2018

How to Refinance Your Home

When making the decision to refinance your home, there are many types of refinancing options available for today’s homeowners. Rate-and-term and cash-out are the most common ways of refinance. No matter which one you are contemplating, the process is the same. Understanding it, and how to shop around may mean huge savings for you when […]

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