A wooden figure standing next to a toy house, an hourglass, and stacks of coins

An In-Depth Look at Cash-Out and Rate-and-Term Mortgage Refinancing

December 12, 2022

According to a study by the Federal Reserve Bank of New York, American homeowners took out $8.4 trillion in new mortgages over the last couple of years. That’s more than a third of our country’s total GDP! One of the main reasons why…

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Why Is It Worth Hiring Mortgage Brokers?

December 8, 2022

Do you know why the 2007-2009 Global Financial Crisis (GFC) occurred? Housing demand skyrocketed because irresponsible mortgage lenders gave out loans to borrowers without properly considering their default risk. As a result, house prices shot up artificially before the housing bubble…

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Mortgage Loans

All You Need To Know About Mortgage Loans

December 5, 2022

A mortgage loan provides cash to a borrower against the value of the property guaranteed.    

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6 Reasons Why Your FICO Score Could Suddenly Drop

December 5, 2022

If you’ve ever applied for a mortgage, chances are you’ve heard of the term ‘FICO score’.It’s a three-digit number that reflects your ability to pay back a loan; The bigger the number, the easier it is for you to take…

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Commercial vs. Residential Buildings: Which Ones Make for Better Investment Properties?

November 2, 2022

Investing in property for the first time can be quite daunting. You need to ask various questions, perform comprehensive research, and determine which investment property is the most lucrative option. Different assets have different characteristics and their own sets of…

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Conforming vs. Non-Conforming Mortgage Loans: Which One’s Better?

October 28, 2022

Non-profit research organization the Urban Institute recently described the 30-year fixed-rate mortgage as ‘the bedrock of the US housing finance system.’ This type of mortgage falls under two classifications: conforming and non-conforming. Both types of home loans have their own unique benefits…

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