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If you are considering buying a home, you may be considering the special home loan option offered by a local bank. These lenders can help you with the mortgage process by giving you valuable advice and simplifying the entire proces...
While business owners often stress efficiency in good times, they need to focus on it now. Lack of available revenue will favor those who excel at execution, even with the current economic climate. In th...
Many factors can affect the interest rate you pay for your mortgage. State foreclosure laws and property value are just two of them. The type of home you're buying may also affect your interest rate. Also, lenders consi...
The Federal Reserve doesn't directly control the interest rate for fixed mortgages, but the rate it sets is closely related to the 10-year Treasury yield. While the Fed's aggressive stance against inflation is often the driving force ...
You've probably seen advertisements for HELOCs that say the interest rate is prime minus 1%. However, these rates don't last long, and they're generally subject to change after a year or two. HELOC interest rates are linked to prime, w...
Mortgage rates for borrowers with less-than-stellar credit can be high, but they can still be affordable. These borrowers may have missed payments, high debt, negative marks like bankruptcy, and accounts in collection...
How does your credit score affect your mortgage rate? Lenders use your credit score to make decisions regarding the terms and interest rate you can expect to receive on your mortgage. Your credit score is a reflection of y...
Mortgage rates are based on the risk factors and the credit score of borrowers. But there's a science to mortgage rates. Lenders have to take into account the changes in the economy and inflation to determine the mortgage interest rates. Cha...
When comparing mortgage rates and options, it is imperative that you know the details of each option before making a final decision. The following table shows the differences between these different mortgage types. The lif...
Are higher interest rates a good time to buy a house? The answer to that question depends on your own situation. As long as you have enough money to make a down payment and a buffer for unexpected events, now is a...