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When interest rates are rising, you should pay extra attention to rate quotes from your lender. You don't want to end up having to pay for a loan with a really high-interest rate that could cost you thousands of dollars on top of the principal amount. If you need to...

An adjustable-rate mortgage or ARM is a home loan with interest that changes or fluctuates during the life of the loan. The interest rate you pay is linked to an index and is adjusted according to that index. ARMs are an excellent choice for homebuyers who plan to pay...

Are you looking to purchase an affordable home? If so, you may be thinking of whether to go for a pre-foreclosure home that will allow you to get an excellent deal. If you're new to this, it is vital to understand what a pre-foreclosure home is and how to buy one. So,...

Are you obtaining a loan to pay for your home? If so, you'll have to undergo a phase known as closing. This is the final phase of any mortgage loan process, and understanding what lies in store for you can help ensure you make the right decisions for a smooth process...

There's no denying that the housing market has been hot regarding how much buyers are paying for properties. This is making more first-time homebuyers apprehensive about buying a home.   Buying a home is a huge investment that comes with many obligations and expenses....

Home mortgage loans are part and parcel of securing a house to call home for most people. After all, these loans encompass the most significant amount of debt most people will incur in their lifetime. However, there can be times when securing a home mortgage loan...

Home equity loans are a well-known option for borrowing money due to their favorable rates. The interest most borrowers pay is often tax-deductible, making the loans even more desirable. However, borrowers should consider other options in certain situations. There are...

A fixed-rate mortgage is a house loan with a set interest rate. The majority of mortgages are fixed-rate loans. The fundamental advantage of fixed-rate mortgages is that their payments are generally predictable. For the loan duration, the principal and interest...

Qualifying for a mortgage, while more difficult than many people think, is not as hard as may borrowers believe. Fannie Mae recently came out with a study that found many people are daunted by the possibility of stringent mortgage requirements. In truth, it's not...

If you're drowning in credit cards and other debts, at this point, it's natural to start looking at debt management options. One of them is debt consolidation. Debt consolidation is one method for managing all your debts in one single repayment schedule instead of...