Month: July 2019

6 Important Things that Make up Your Monthly Mortgage Payment

Buying a home is one of the largest financial decisions you’ll ever make in your life. So, it makes sense that you’d want to know what all of your money is going toward, right? It’s important to understand the full costs of homeownership by knowing what’s coming and creating a comprehensive budget that accounts for the entire package. Here,

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What Is an APR? Annual Percentage Rate, Explained

  When borrowing money to purchase a home, the annual percentage rate (APR) consists of the interest and other charges (such as closing costs, points, origination fees and private mortgage insurance) that you’ll pay as part of your monthly mortgage. There also are some costs that usually aren’t calculated into the APR, including the home appraisal, title search and insurance,

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woman refinancing your mortgage at home

Should You Refinance Your Mortgage?

Refinancing a mortgage can be an ideal way for homeowners to save some money. Here, highlights the right ways to refinance your mortgage loan with a homeowner’s guide to HELOCs and more. What is home equity? This is the current market value of your home, minus the amount you owe on your mortgage. While paying down your mortgage loan will decrease

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Woman sitting with child in kitchen of home_kylecoats

A Complete Timeline of the Mortgage Process

As you prepare to apply for a mortgage, it pays to know what to expect. Here, Yahoo! News offers some advice that will help you better understand the timeline of the mortgage process.   Step 1: Understand the mortgage you can afford (2 weeks) The entire process starts by defining the type of mortgage you’re looking for, checking your credit

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