Mortgage Rates – The Benefits of Refinancing

So you’ve lived in your home for some time now and have been content mailing off your mortgage payment every month. Yet when you turn on the nightly news you see that mortgage rates are 1% lower than what you locked into 10 or 15 years ago and realize quickly that you may be paying more money than you have to in interest rates on your mortgage.

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Mortgage Terminology That Everyone Should Know

When you are searching for or reading through any mortgage, there are some terms that are vitally important to how you perceive the paperwork. If you aren’t familiar with all of the terms, then you might misunderstand what the document is saying and agree to something that you might not mean to. Here are some of the basic terms that you should understand before you sign anything:

1. Creditor � this is the party who is selling, or who holds the current deed to the property …

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Who Do You Go To For Your Mortgage?

Mortgages are available from a number of different sources. There are specific mortgage brokers as well as banks, building societies and other financial institutions, all fighting to get your custom. This is because they make money out of it and so they all want you to sign up with them. It is now common to see advertisements for companies who want you to change your mortgage supplier and who are willing to pay the costs associated with this for you. It is always worth questi…

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Reverse Mortgages – Get The Money You Need – Part 1 Of 4

Reverse Mortgages are loans that allow you to borrow back the equity in your home. Just as you once paid the bank, the bank now pays you. Isn’t that a nice change?

If you are 62 years of age or older, they are a way to borrow against the equity in your home (the value of your home minus any mortgage debt you now have) to provide you with tax-free income. Seniors struggling because of falling retirement account balances and increases in the cost of medical care are looking …

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Refinancing 2nd Mortgage – Why Research Refinance Rates

Refinancing a second mortgage can reduce your monthly payments and interest rates. To get the best deal, you need to research rates. With a minimum amount of time invested, you can have peace of mind, knowing you are getting the best financing package available.

Save Money With Better Rates

Bottom line � researching refinancing rates for a second mortgage will save you money. On an average day, rates can vary as much as a point or more. Over the course of your loan, tha…

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