High Risk Mortgage Lenders - What Are Your Options?
High risk mortgage lenders, commonly referred to as sub-prime lenders, are lenders that specialize in offering mortgages to individuals with less than perfect credit. Because of record low interest rates, many people are choosing to purchase their first home or refinance their current mortgage in ...
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Should I Refinance My House - Benefits of a Cash-Out Refinance
If you need extra funds for large purchases, or simply want to obtain a
better interest rate on your home loan, refinancing may be a good
option. Today, many homeowners are taking advantage of a cash-out refinance.There are several advantages to refinancing a home. Moreover,
refinancing also ...
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Houston Mortgage Rates
A mortgage rates vary according to the type and the duration of the loan. There are three types of mortgage rates:1. Adjustable Mortgage Rate
2. Fixed Interest Rate
3. Variable Interest RateA mortgage with an adjustable interest rate takes into consideration that an interest rate may change ...
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Buying Fresh Mortgage Leads
Mortgage leads can be bought in quite a few different varieties. And depending on which loan officer you ask, some are better than others.If you buy leads in bulk, most likely you will be buying old or recycled leads.Mortgage leads can also be bought by way of cherry picking, where you can actually ...
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How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage
When it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line.Lets start on a positive note, you could do what most borrowers do and opt for the reverse mortgage line of credit. Just think about how you would then be able to draw on ...
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When You Are Eligible For A Free Credit Report
By Federal law, you are entitled to one free credit report per year directly from a credit-reporting agency only if you certify that:1. You are unemployed and seeking employment in the next 60 days.2. You are receiving public assistance.3. You believe there are inaccuracies in your credit report ...
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Avoid Recycled Mortgage Leads
If you are a loan officer or mortgage broker and you are considering buying mortgage leads, try to stay away from the leads that are being recycled.Leads that are being recycled have often gone through the hands of literally dozens of loan officers before landing on your desk.The chances of closing ...
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Refinancing Your House Mortgage - 3 Reasons to Refinance While Rates are Low
Before mortgage interest rates begin to rise, homeowners should
consider the advantages of refinancing now. Although were witnessing record low rates, these rates will not last forever. Unfortunately, many
homeowners will delay refinancing and miss out on the savings. There are many reasons to ...
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How To Boost Your Credit Score
Years ago your credit score was a big secret, known only to a select few such as your mortgage and credit card companies. In 2000, Fair, Isaac Co., the major supplier of credit scoring software, announced they would begin sharing credit scores, also known as FICO scores, with consumers.What is a ...
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Bad Credit Home Equity Loans
A home equity loan allows you to borrow against the equity you have built in your house. Even if you have no equity, you may be able to borrow up to 125% of the value of your home. You can use the extra cash to consolidate bills, fund college tuition, or any other reason you see fit. If you have ...
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