A Summary of Mortgage Fees

Most people focus on the current mortgage interest rates when shopping for a home loan. Interest rates are certainly important, but they do not represent the only significant expense associated with financing a home. When you are making plans to purchase a new home, it is important to consider the big picture of all the fees associated with getting a mortgage, rather than focusing solely on interest rates.

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Bad Credit Mortgage Lenders – Find A Bad Credit Home Loan

Finding a bad credit mortgage lender is easier than you probably think. Although several lenders and brokers advertise super low rates and different types of home loans for people with good credit, a variety of bad credit loans are available. It is possible to get approved for a home loan with a score as low as 500. Here are a few tips on how to find a bad credit mortgage lender.

Request Mortgage Information from Credit Unions, Banks, etc.

Even though a large number of …

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A Primer on Reverse Mortgages

Many people approaching retirement age are “equity rich” and “cash poor” at the same time. It is not unusual today to find people living in $1 million homes who are almost entirely dependent on social security to get by. This primer on reverse mortgages may provide a way to secure your future.

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Subprime Mortgage Loans – What Is A Subprime Loan?

Perhaps you have seen a television commercial or billboard advertising super low mortgage interest rates. If you have good credit, you are likely a good candidate for such loan programs. On the other hand, if your credit score is low, obtaining a prime loan rate is not very feasible. In this case, a subprime loan is the best option.

Subprime vs. Prime Mortgage Loans

Individuals familiar with home loans are likely aware of two loan programs. Those with a good credit rati…

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