Refinancing Your Mortgage 101

Practically everyone has refinanced or thought about it at one point in time. We’ve seen the dozens of commercials that urge us to do it. With rates at record lows over the past few years, refinancing has helped many borrowers lower their monthly payments.

Refinancing your mortgage can be a very hard and confusing experience. When you’re making your decision, there are several things to keep in mind.

First, even a small rate cut can pay off quickly.

Second, if you ar…

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Remortgage to save your hard-earned Money

Remortgage involves switching over from an existing lender to a new lender who offers you with the better deal. Remortgaging can help you save that extra amount of money you are paying to the existing lender in terms of higher rate of interest. You can use it for debt consolidation or home improvement or to reduce your monthly payments.

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Free Mortgage Calculators Arm Buyers

In the olden days, you were at the mercy of your realtor, the seller and the mortgage broker. With a fixed rate mortgage, they decided the interest rate, the sales price and the terms of the contract. They made the decisions; you paid the bills.

Early in the days of the Internet, online mortgage calculators quickly became popular. What you used to have to pay for; you could now get in seconds and with many alternatives. Advanced versions today permit you to make comp…

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California Bad Credit Mortgage Loans – 3 Things To Avoid When Applying For Home Loan

If applying for a mortgage loan with poor credit, there are steps you can take to help get a better rate. Granted, if your credit score is low, the likelihood of getting a prime rate is slim. Still, reasonable rate bad credit mortgage loans are available. As a homebuyer, you must be willing to research various lenders and compare different loan programs. Moreover, homebuyers should avoid maneuvers which could hurt their chances of approval.

Avoid Late Payments When Applyin…

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Who Wants Low Mortgage Rates?

Who doesn�t want low mortgage rates? A low mortgage rate means spending on monthly payments during the course of a mortgage. A low mortgage rate can save homebuyers like you several thousands of dollars. A low mortgage rate means having more funds to spend on investments that might prove profitable.

Despite the reported increase of previously low mortgage rates, rates today are still low enough to consider a mortgage refinance for your home. The Internet provides you with …

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What Do The Terms APR, AER And EAR Mean?

Mortgage lenders have a derogatory name for people who switch mortgage lenders to follow lower rates � they call them �Rate Tarts�. The author has a much more apt description � Shrewd Shoppers! After all, who spends more for exactly the same product, in this case money, when you can get it cheaper elsewhere? After all a � from one lender as effective as a � from another!

The mortgage market is highly competitive and as long as lenders use price as the main weapon in their…

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How Much Should You Borrow?

There’s little doubt that we’re borrowing more and there’s also little doubt that credit is one of the great conveniences of modern life. That said, like Goldilocks you want to borrow the amount that’s just right — and no more.

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Pay It Down Quick – Using Refinancing To Shorten the Length of Your Mortgage

Pay It Down Quick – Using Refinancing To Shorten the Length of Your Mortgage Chances are years ago, when you took out your mortgage, you took it out for 30 years or more. You were just starting out in life, money was tight and your salary was still on the lower side of the pay scale. As the years have gone by, and you’ve moved up in your career and in life, you may find that you have extra money each month that you want to put to good use.

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