If you have a high interest rate on your home and would like to refinance the loan to get a lower rate, you may run into a problem if there is a lien on the house. Having a lien on your house will not necessarily stop you from refinancing it, but you will almost always have to pay the lien off before you can complete the home refinancing. Here are three things to know about liens.…
Read More »Buying a home is one of the largest purchases many people make in their life. It can be a costly and time consuming decision, but it can also be a dream come true for some people. Purchasing a house requires multiple steps. Each step has a different timeline including finding the right house, comparing loans, choosing a bank, and signing the documents. For a new home buyer, it can take even longer since they do not have previous experience handling a mortgage loan.…
Read More »If you are interested in purchasing your first home, it is a good idea to get preapproval for the loan before you start looking for the perfect home for you. Getting preapproval for the loan will allow you to know exactly how much money a lender will allow you to borrow for the loan. The guide below walks you through a few key things you need to know about applying for preapproval for a home loan.…
Read More »If you have broken or unwanted gold or sterling silver jewelry lying around the house, you can turn that clutter into cash by taking your items to a gold dealer or pawn shop. However, not all buyers and not all gold and silver items are created alike. It’s important to do your homework before you pack up your gold and silver items. What you need to know about selling unwanted gold…
Read More »Paying points is something you can do on many mortgages to get a lower interest rate for the duration of your loan. There are times when this is a good idea, but there are also times when it does not make sense to do this. If you are getting your first mortgage loan and do not understand how this works well enough to make a decision, you might be able to find out if paying points is right for you by asking the following three questions.…
Read More »Online banking is convenient and usually safe. Of course, if you watch the news, you know that data breaches seem to be happening more than ever and identity theft is on the rise. One way to drastically minimize your online risk at all websites is to use a safe password. Instead of choosing the most convenient password, you need to take the time to create a strong one. Complexity You may choose a simple password even when you know better, simply because you fear forgetting it.…
Read More »If you’re in need of a quick bit of cash, payday loans can be a quick and easy way to supplement your income. Whether you’re running low on rent or need groceries for the week, a payday loan is a surefire way to get the money you need immediately. However, there are reasons why you may wish to avoid a payday loan, or bad credit might be preventing you to take one out.…
Read More »If you are in the market to purchase a new home, you’re probably pretty excited about owning your own property. To ensure that you continue to enjoy your new home after you buy it, however, you have to ensure that your purchase a home that you can actually afford. Luckily, following these three tips can help you purchase a home that you will love but that won’t leave you struggling when it’s time to make the monthly payments.…
Read More »The home loan program was established by the U.S. Government as one of many ways for the country to regain its economic strength following the sacrifices military families made after WWII. By making interest rates affordable, removing the expense of certain fees and eliminating the requirement for a down payment, many were able to afford homes that may not have been able to otherwise. Today, the same programs are still available, but not all veterans take advantage of them.…
Read More »There are a number of financial programs geared towards helping military personnel and military families. Of these, home loans, mortgages and lenders who cater to the military and to veterans are perhaps some of the most beneficial. Here are a few programs that will help you secure the finances from a mortgage lender to buy your first home when you are serving or have served in any branch of the armed forces.…
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