Blog- MortgageGuru
6 Pre-mortgage Moves People Always Recommend But You Should Avoid
When it comes to obtaining a mortgage, your credit score poses significant risks. Even if you are certain that you will agree, a marginally higher score may result in a change in the interest rate. Because mortgages handle large sums of money over many decades, these changes can have a significant impact. As a result,
27 Mortgage terms + what 40% of the Americans don’t know about their loan?
Want to buy real estate through a mortgage loan? Well then, you should be aware of the following important terms that you will come across through the whole process- Annual Percentage Rate- The Annual Percentage Rate (APR) gives you an appropriate idea of the total yearly cost that will be incurred on loan. Along with
What Does Second Mortgage Mean, And How Does It Work?
Second mortgages allow homeowners to borrow money against the equity at their own homes. They would not have to refinance their first mortgage. An amount up to 85% of your total home value can be borrowed. A second mortgage is only approved if you have at least 20% equity in your home. While applying for
What is the Refinance Break-even point? You Should Know
One of the most commonly occurring phenomena is fluctuation in the interest rate environment. Due to the volatile economic factors, the interest rates offered on loans tend to change frequently. Very often, one is caught in a situation where they come across the information that after they had borrowed a loan and signed the agreement
Should I refinance my mortgage? A financial partner explains whether it’s a good idea or not.
One question which many people have who are looking out to have a motor gauge is if they should refinance their mortgage. Multiple people lookout for several mortgage lenders which has a lower rate of interest, and if they find one, they prefer to refinance their mortgage and pay their primary motor gauge and then
Home mortgage repayment calculator: Find out just how much you will pay
Buying a house is a dream for multiple people worldwide, and I want to have a house of theirs at any cost in the future. This is why multiple people prefer buying a house on the mortgage, as owning a house requires a huge amount of money. The mortgage helps the person purchase the house
Best Home Equity Loan Rates for September 2021
A loan is an arrangement in which a sum of money is lent to a party with a future repayment obligation when the party keeps a certain asset as collateral. A borrower is liable to pay the principal amount that is borrowed plus the interest incurred at a certain rate of interest for the given
Current Refinance Rates: You Should Know Right Now
A refinance when the term of an existing loan is revised, such as schedule of payment, rate of interest. The refinance tends to be done by the borrowers when there is a fall in the interest rate. Refinance rates changes or fluctuates all the time. Refinance rates change due to several factors such as inflation,
With climbing mortgage prices, is it worth refinancing? Consider these aspects!
Considering mortgage refinancing is never a bad idea when interest rates are low or falling. But, the interest rates after falling in January this year, it has inevitably started to rise again. Now, if you are considering refinancing your mortgage loan at this time, you must consider certain aspects before you sign the papers. The
