12 Tips about Mortgages

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Steer clear of fraudulent or deceptive offers targeting borrowers. Unscrupulous individuals try to lure consumers into questionable, high-cost deals...
Be cautious when borrowing against the "equity" in your home. If you have property valued at $300,000 and you owe $100,000 on your mortgage, your...
Don't be afraid to ask for a break. Do you think the fees for your mortgage application are a bit steep? What about the fee you were charged for being...
Mortgages that involve little or no documentation of your income or assets may mean higher costs. While these mortgages can save you time and are...
You can negotiate the rates and terms of a home loan. You should look for a mortgage the way you'd look for a car -- get all the important cost...
Tags: mortgages
Focus on the long-term cost of the loan, not the monthly payment. "Many car dealers or even mortgage lenders will entice borrowers by asking how much...
When buying a house, look into government incentives for first-time homebuyers, low- or moderate-income families and other borrowers. Eligible...
Tags: mortgages, FHA
Borrowing money from your home's value can be low-cost but also risky. Many people take out low-cost loans based on their equity in the house. The...
Look into paying off your mortgage sooner rather than later. A mortgage with a long repayment term (30 or even 40 years) is very appealing because the...
1. Do I really need this loan? Consider all your options before you use your home as collateral for a loan. 2. Can I afford the loan...
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