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Mortgage and Lending - ChangeMyRate.com® A Mortgage Corporation - NMLS #1326269
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Mortgage rates are expected to remain low, and home prices are forecast to rise more slowly than in 2020.Buying a house is like playing a complicated sport. You need to know the rules and get in shape before hitting the field, and then nimbly maneuver through challenges to win the game.In 2021, “...
06/15/2021
A home appraisal helps sellers extract maximum value and protects buyers and lenders from overpaying.The goal of an appraisal is to provide an estimation of a property’s market value.A home appraisal may not be top of mind when you're looking to buy, sell or refinance a home. But maybe it should ...
06/14/2021
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Escrow accounts are a key feature of real estate transactions and homeownership.With an escrow account, the buyer's initial deposit is held until the sale moves forward.Most people never encounter the concept of escrow until they buy a home. Escrow accounts are set up by third parties as a safe p...
06/13/2021
If you're looking to get a mortgage, your goal should be to lock in the lowest interest rate possible. After all, the lower the rate, the less your loan will cost you each month. And that means you'll have less interest to pay over the life of your loan. Imagine you're taking out a 30-year $200,0...
06/12/2021
There is no one-size-fits-all solution when it comes to financing your home. Freddie Mac offers different loan programs that make it possible for borrowers in various situations to achieve their dream of homeownership.Freddie Mac doesn't make loans. Instead, we purchase qualified loans from lende...
06/11/2021
A VA cash-out refinance replaces your current mortgage with a new VA loan, ideally with better terms, while allowing you to take out cash against your home for a variety of reasons, such as upgrading the property or paying down debt. If your existing home loan isn’t backed by the VA but you’re el...
06/10/2021
A down payment is an important component of taking a step toward homeownership. Saving for a down payment is also the biggest obstacle that you probably face when you want to buy a home.A down payment is the cash you pay upfront when you are going to make a large purchase. If you were going to bu...
06/08/2021
James Truslow Adams, who coined the term “American dream” in 1931, defined the concept as a “better, richer, and happier life for all our citizens of every rank.” Today, the notion is now intricately tied to homeownership as a means of building wealth. Yet, as we celebrate American Housing Month ...
06/06/2021
Paying off your mortgage early helps you save money in the long run, but it isn't for everyone Paying off your mortgage early is a good way to free up monthly cashflow and pay less in interest. But you'll lose your mortgage interest tax deduction, and you'd probably earn more by investing instead...
06/05/2021
Income and savings matter—but so does your lifestyleGood news: Answering the question, “How much house can I afford?” does not require calculus-level math skills. You just have to start with Trulia’s housing affordability calculator, and then factor in a set of facts about your life.The life stuf...
06/04/2021
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