3 Lesser Known Types Of Home Mortgages

When buying a home, most individuals take out a home loan known as a mortgage to assist with paying for the property. Though the 30-year fixed-rate mortgage remains one of the most popular choices, there are actually numerous loan choices available. Here are a few different types of home mortgages that you may not know about.   1. The 40-Year Fixed-Rate Mortgage A 40-year fixed-rate mortgage is comparable to the 30-year fixed-rate mortgage, but it extends the life of the loan by 10 years, lowering the amount of your monthly payment. [Read More]

3 Things To Know About Mortgage Preapprovals

If you are interested in buying a house, you will need to prepare for it by getting preapproved for a loan from a mortgage lender. When you do this, you will receive a letter that states that you are preapproved, and it is highly important to know the following three things about this mortgage preapproval. It is not a guarantee that the lender will give you a loan The first thing you must understand about getting a mortgage preapproval letter is that it is not a 100% guarantee that you will get a loan when you are ready for one. [Read More]

2 Questions To Ask Before Working With A Bail Bond Agent To Get Your Loved One Out Of Jail

If you can't afford to bail your loved one out of jail, you may be able to get the financial support you need by working with a bail bond agent. But before signing any contracts or agreeing to any terms, you should find out all you can about bail bonds so you know what to expect. Here are just a few important questions to ask before agreeing to work with a bail bond agent to get your loved one out of jail: [Read More]

Want To Refinance Your Home? Don't Make These Mistakes

Does the idea of refinancing your home sound appealing? If so, it is important that you do not make the following mistakes during the refinancing process. Don't Assume You'll Save Money A common misconception with homeowners looking to refinance is that they assume that a lower interest rate will result in them saving money. This is not necessarily true, and you really need to look at your specific situation to find out if you'll actually save money. [Read More]