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3 Risks of a Cash-Out Refinance Loan

3 Risks of a Cash-Out Refinance Loan

by Third Party | Nov 20, 2021 | Industry Updates, Mortgage Information

Source: Motley Fool —  A cash-out refinance loan is a way to tap into the equity of your home while also modifying the terms of your current mortgage loan. It works simply. You apply for a new mortgage loan for more money than you currently owe. If you qualify...
How to Get a Mortgage if You’re a Freelancer, Contractor, or Self-Employed

How to Get a Mortgage if You’re a Freelancer, Contractor, or Self-Employed

by Third Party | Nov 20, 2021 | Industry Updates, Mortgage Information

Source: Better Homes and Gardens —  Millennials and Gen Z are more likely than previous generations to be self-employed in some capacity—which can make buying a home more complicated. These expert tips help make sense of the process. Once upon a fairytale, it...
REVOLUTIONIZING THE ONLINE MORTGAGE EXPERIENCE

REVOLUTIONIZING THE ONLINE MORTGAGE EXPERIENCE

by Third Party | Nov 20, 2021 | Industry Updates, Mortgage Information

Source: Ris Media —  Tim Grant, a REALTOR® with Better Homes and Gardens Real Estate Metro Brokers in Newnan, Georgia, has been a huge proponent of Rocket Mortgage with his customers since working with the lender to finance his own home purchase. “The process...
How To Get Rid Of Private Mortgage Insurance (PMI)

How To Get Rid Of Private Mortgage Insurance (PMI)

by Third Party | Nov 20, 2021 | Mortgage Information, Real Estate News

Source: Forbes Advisor —  If you have to pay private mortgage insurance (PMI), you’re likely looking forward to the day your home equity hits 20% of the home purchase price so you can be released from PMI payments on your mortgage. Better yet, rising home values...
As mortgage rates rise, applications slow

As mortgage rates rise, applications slow

by Third Party | Nov 20, 2021 | Industry Updates, Mortgage Information

Source: Fox Business—  Mortgage rates gained in the past week, putting a damper on demand for mortgage applications. Mortgage applications declined 2.8% from a week ago, according to the weekly survey from the Mortgage Banker’s Association. The increase in...
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