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Mortgage Refinancing Articles
December 15, 2005
Obtaining a mortgage loan is the simplest way to finance your new home purchase. There are many new types of mortgage loans that allow individuals with little income or down payments to purchase their homes. Your mortgage is the loan you receive that is secured using your home as collateral. Mortgage interest rates are at [...]
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December 13, 2005
Here’s a mortgage tip every homeowner can use before Christmas. Make your January mortgage payment in December. If you do this you will receive a larger deduction on your income taxes. The mortgage interest you pay by making this payment in December is counted for your next income tax deduction. By making this one payment [...]
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December 9, 2005
There numerous types of mortgages available to finance your home. Interest only mortgage loans are one non traditional mortgage loan on the market today. These loans are often referred to as balloon mortgages. This type of mortgage is as the name implies an interest only loan. You will not pay back any or the principal [...]
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December 8, 2005
Mortgage rates for fixed thirty year mortgages dropped for the second week in a row; however, industry experts say rates will resume their rise as the Fed raises interest rates again to battle inflation. According to a survey of national mortgage lenders interest rates fell to 6.26% this week, down from 6.28% the previous week. [...]
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December 7, 2005
Pay Option Adjustable Rate mortgage loans are a new product many mortgage lenders report is gaining popularity. This type of mortgage loan gives a homeowner the option to make lower monthly payments by deferring interest, paying interest only, making a payment amortized for 15 years, or making a payment amortized for 30 years; this mortgage [...]
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