Month: September 2019

How Interest-Only Mortgages Work

While interest-only mortgages promise low payments, they aren’t very common these days. It still is possible to get one of these loans, however, and if you’re considering going this route, you need to know what to expect. Here, Forbes explains what an interest-only mortgage is, how it works, and the pros and cons of signing on the dotted line. What

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4 Questions to Ask That Can Help You Determine if You Should Refinance Right Now

The climate’s current falling mortgage rates have many homeowners wondering whether they should refinance their mortgage right now. Timing a refinance can be tricky, but the time may indeed seem ripe for one, since according to Freddie Mac’s most recent Primary Mortgage Market Survey released Aug. 22, the average 30-year fixed interest rates have fallen to 3.55 percent—the lowest rate

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5 Ways to Buy a Home with Bad Credit

Convinced your credit history is sure to dash your home-buying dreams? Good news: You still can buy a house if you have bad credit. From low credit score mortgages to cash options to down payment strategies, explains five ways to buy a home with bad credit. 1. Check your credit report long before meeting with your mortgage lender  

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