Category: Mortgage

How Often is Mortgage Interest Compounded Are you thinking about taking out a mortgage? Understanding how interest is compounded is crucial to making informed decisions about your mortgage. In this article, we will explore the concept of compounding interest and how it affects your mortgage payments. What is Compound Interest? Compound interest is the interest…

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Lying About Marital Status on Mortgage Application Buying a home is an exciting milestone in life, and obtaining a mortgage is often a necessary step towards achieving that goal. However, some individuals may be tempted to lie about their marital status during the mortgage application process for various reasons. While it may seem like a…

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If I Make 2 Extra Mortgage Payments a Year Buying a home is an exciting milestone in life, but managing a mortgage can sometimes feel overwhelming. However, there are strategies you can employ to pay off your mortgage faster and save on interest payments. One such strategy is making two extra mortgage payments a year.…

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Tax Implications of Co-Signing a Mortgage When someone applies for a mortgage loan and doesn’t meet the lender’s requirements on their own, having a co-signer can be a viable option to secure the loan. Co-signing a mortgage means that you are legally responsible for the debt if the borrower fails to pay. While this may…

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How Many Times Can You Remortgage You might be wondering how many times you can remortgage your home. Remortgaging is the process of switching your current mortgage deal to a new one. It can be a way to save money on your monthly payments or to release equity from your property. But is there a…

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How to Find Remaining Mortgage Balance on a Property Are you curious about the remaining mortgage balance on your property? Whether you are looking to refinance, sell, or simply stay informed about your financial situation, knowing the exact amount of your remaining mortgage balance is essential. In this article, we will explore different methods to…

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Wells Fargo Penalty for Paying off Mortgage Early Introduction: When it comes to mortgages, many homeowners dream of paying off their loans early. Being free from the burden of mortgage debt is an attractive prospect, and it can save you money on interest payments in the long run. However, some mortgage lenders, including Wells Fargo,…

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Best Mortgage Lenders in Washington State When it comes to buying a home, finding the right mortgage lender is crucial. Whether you’re a first-time homebuyer or looking to refinance, Washington State offers a variety of reputable lenders to choose from. We’ve compiled a list of the best mortgage lenders in Washington State to help you…

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Mortgage Lender Wants Direct Access to Bank Accounts When it comes to obtaining a mortgage, there are various factors that both borrowers and lenders take into consideration. One of the latest developments in the mortgage lending industry is the push for direct access to bank accounts by lenders. This controversial move has sparked debate among…

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Can a Buyer Assume My Mortgage? Understanding Mortgage Assumption Selling a home can sometimes be a complex process, especially when it comes to the transfer of an existing mortgage to a new buyer. This is where mortgage assumption comes into play. Mortgage assumption is a process through which a buyer takes over the existing mortgage…

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