Mortgage Prepayment Benefits and Penalties: A Guide
Are you considering paying off your mortgage earlier than what the term requires? If you’re able to do so, it’s a good idea to read up on the conditions of your mortgage agreement before making the leap. Today, we’ll go over the benefits of prepaying a mortgage as well as the risks, the latter of […]
Read moreEverything You Need to Know About Mortgage Insurance
Table of Contents1 Pros And Cons to Consider2 What Is Mortgage Insurance?3 Is It The Same As Mortgage Protection Insurance?4 How Much Does it Cost?5 How to Avoid Mortgage Default Insurance6 Can You Still Obtain It If It isn’t Required?7 Pros Of Mortgage Default Insurance8 Cons Of Mortgage Default Insurance9 Pros of Mortgage Protection Insurance10 […]
Read moreWhat Is The Mortgage Sliding Scale?
Table of Contents1 And How Will It Affect Your Mortgage Approval?2 What Is The Mortgage Sliding Scale?3 Why Is It Used?4 Factors That Can Trigger The Use Of A Sliding Scale4.1 High Purchase Price4.2 The Location of the Property4.3 How Does It Affect Mortgage Approval5 Tips to Consider When Seeking a Large Mortgage5.1 Review the […]
Read moreCash-Back and No Money Down Mortgages
Table of Contents1 Everything You Need to Know Before Committing2 What is a Cash-Back Mortgage?3 Can You Really Get a Mortgage With No Money Down?4 The Benefits of These Alternative Mortgages5 Why They Can Be Dangerous6 Things to Consider6.1 Alternatives6.2 The Higher The Cash Back, The Bigger The Credit Score6.3 Commit To A 5-Year Term6.4 […]
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