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When is an Adjustable Rate Mortgage the Most Beneficial?
Adjustable rate mortgages (ARMs) are a great option for those who are looking for a lower initial rate and more...
How to Remove Escrow Account from Mortgage
1. IntroductionHave you ever wondered how to remove an escrow account from your mortgage? Escrow accounts are commonly...
How Long Does It Take to Get Approved for a Mortgage?
The entire mortgage process has several parts, including obtaining pre-approval, appraising the home and obtaining the...
Can I Use the Equity in My Home to Get a Home Equity Line of Credit (HELOC)?
Are you looking to unlock the capital you have built up in your home? A Home Equity Line of Credit (HELOC) may be the...
What Are the Fees Associated with a Reverse Mortgage Loan?
Taking out a reverse mortgage loan can be a great way to supplement your income during retirement. However, it is...
What's the Difference Between a Home Loan and a Mortgage Loan?
The terms “mortgage” and “home loan” are often used interchangeably, but they don't mean exactly the same thing....
What Are the Restrictions on Using Money from a Reverse Mortgage Loan?
The Federal Housing Administration (FHA) has strict underwriting requirements to ensure that only eligible borrowers age...
What is the Difference Between Conventional and Government-Backed Mortgages?
Mortgages come in all shapes and sizes, and while government-backed loans offer unique benefits to homebuyers,...