Category: Budgeting Your Project

Refinancing: 30-Year Mortgage

Refinancing: 30-Year Mortgage

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The 30-year fixed-rate mortgage would be the most frequently used mortgage merchandise in the U.S.. An alternative when looking for a refinance mortgage would be your 40-year loan, which may offer a lower payment and the security of a fixed rate of interest. Homeowners who want to refinance their mortgage to the lowest possible monthly […]

Are Foreclosures Negotiable?

Are Foreclosures Negotiable?

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According to the Federal Deposit Insurance Corporation (FDIC), 1 out of every 200 American houses will soon be foreclosed on, with 250,000 new families entering the foreclosure process every 3 months. Even though this is tragic for those whose homes are being foreclosed, it’s also an opportunity for buyers to buy a house for less […]

Home Equity Loan Vs. Mortgage Loan

Home Equity Loan Vs. Mortgage Loan

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Both mortgages and home equity loans use your house as security: If you don’t make your payments, your creditor can take your house. You will also realize that the application procedure for the two loans is comparable. Where most people have to utilize a mortgage to purchase a house, however, taking a home equity loan […]

How to Calculate Bond Value

How to Calculate Bond Value

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When you look at a bond issued by a company, the U.S. Treasury or a state or local authorities, you are going to observe a dollar amount prominently displayed. This is the value of this bond. Institutions issue bonds for a specified time period known as the maturity. Par value is the sum that the […]

How to Compare Reverse Mortgages

How to Compare Reverse Mortgages

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Even though the reverse mortgage is a relatively new program compared with other kinds of loans, it’s gone through several changes which have eliminated some kinds of reverse mortgages, such as the Treasury rate reverse mortgage and the jumbo reverse mortgage. Different reverse mortgage programs are still available, however, and it is crucial to understand […]