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The Benefit of Revisiting Your Mortgage in Different Economies

By Trust in Equity
October 19, 2018 Category: Mortgage, PMI, Mortgage Tips

The Benefit of Revisiting Your Mortgage in Different Economies We continue our video series this week with Dan and Larry. They discuss why homeowners should consider re-approaching their mortgage in todays economy, healthy economies, and bad economies. Check it out: *below is a transcription of the video. Reviewing Your Mortgage in the Present Economy A lot of people are getting notifications right now that their home values are up. Be it from realtors listening to them or maybe tax values are going up. Thats a good indication that it might be time to take a look at your mortgage. People that have purchased in the last 2-5 years may have the situation where they dont have 20% down, so theyre paying PMI (Private Mortgage Insurance). With the values of their home up, if we sit down and take a look at their mortgage, we may be able to reset it without the Private Mortgage Insurance (and cost that comes with it). Resetting Your Mortgage in a Healthy Economy Can Make A Difference Many

The Mortgage Drawer Scenario - Do I Need to Revisit My Mortgage?

By Trust in Equity
October 10, 2018 Category: Refinance, Home Loans, Mortgage, Home Refinance

Do I Need to Revisit My Mortgage? The Mortgage in the Drawer dilemma. Have you ever considered trying to lower your monthly mortgage payments? This week we continue our video mini-series to help answer common questions on mortgages: purchases, and refinances. Refinance options can help lower monthly payments on your mortgage, or even aid in securing a better rate.This video is about The Mortgage in the Drawer Dilemma, watch it below and learn why you need to consider a refinance: *Below is a transcription of the video. The Mortgage in the Drawer Scenario: As we talk with people, we often find those who have a mortgage, maybe six to ten years old, and they havent done anything with it since, ever. They have literally put the paperwork in a drawer, in a file, and havenever touched it again. What are the Benefits of Pulling Out the Mortgage Papers? All About the Amortization Schedule If you never look at it, youre going to be paying the amortization schedule on the original principal

What Do I Need to Know If It's My First Time Buying a Home?

By Trust in Equity
October 04, 2018 Category: First Time Home Buyer

Im a first time home buyer - where do i start? We have started a new video mini-series to discuss some of the common questions people have when they are seeking a mortgage. On todays video were going to discuss first time home buyers. * Below is a transcription of the video What constitutes a first time home buyer? What type of person would that be? The general premise is any one who is entering the market for the first time is considered a first time home buyer. The underlying issue is whether or not youve purchased a primary residence within the last 3 years. What if I havent Owned a Home in More Than 3 Years? Lets say you went through a bad economy, or whatever it is and you were renting for five years, so you can actually fall back into that first time home buyer. Correct! As long as you havent owned a house as your primary residence within the last three years you qualify for a lot of first time home buyer programs. What do I need to prepare before finding a mortgage broker? So

Available Home Loan Options

By Brian Pritchard
June 09, 2016 Category: Home Loans, Mortgage, FHA, VA Loan, Jumbo Loan, USDA Loan

Learn More About the Types of Home Loans Available to You When it comes time to find funding for a home purchase, it can feel overwhelming to consider all of the information and programs available to homebuyers. Thats why weve put together this handy summary of typical home loan options for you to review. Conventional Loan:Conventional loans follow the guidelines created by GSEs (government-sponsored enterprises) Fannie Mae and Freddie Mac but are not guaranteed or insured by the federal government. Loans can be fixed or adjustable and often require a smaller down payment than other loan types. FHA Loan:Another type of loan with a low down payment is the FHA loan. This loan through the Federal Housing Administration is backed by the federal government. Choose either a fixed or adjustable loan and enjoy the ability to qualify for this type of loan more easily than some other types. Veterans Administration Loan:If you have served or currently serve in any branch of the U.S. military,

The Refinancing Option

By Brian Pritchard
June 06, 2016 Category: Refinance, Refinancing, Home Refinance, Refinance Loan

Helpful Info for Homeowners Considering a Refinance Homeowners consider refinancing for a number of different reasons. Sometimes, the goal is to consolidate debts into the home loan to reduce overall interest in the long run. Other times, the goal is simply to lower monthly mortgage payments by taking advantage of a mortgage rate that is lower than that secured during the initial purchase of the home. Whatever your reasons for looking into refinancing a house, we are here to help you understand the scope of your refinance options. Types of Refinance Loans Conventional:This straightforward refinance option is a good starting point when exploring refinancing your home. The greater the equity you have in your home, the better a conventional refinance will work for you. HARP (Home Affordable Refinance Program):HARP is a government-backed refinance program designed to help make your payments more affordable so you can stay in the home. FHA Streamline:For those who already have an FHA home

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