04 Jun 2015
By Mark Feder

Which is Better: Bi-weekly or Monthly Mortgage Payments? Let’s Take a Look

Home Mortgage Tips
When you apply for a new mortgage, your lender may ask if you want to set up monthly payments or bi-weekly payments. At one time, monthly payments were common, but bi-weekly payments are increasing in popularity. This is because they break a large expense up into two smaller and seemingly more manageable payments. In addition, you can also make what equates to a full extra payment on the mortgage each year with a bi-weekly payment structure. Before you decide which is best for you, consider a few factors. Your Personal Budget Many people may believe that if they get paid…
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02 Jun 2015
By Mark Feder

An Insider’s Guide to Fannie Mae’s HomePath Program and Closing Cost Assistance

Home Mortgage Tips
Home buyers today may be concerned about finding the perfect home to purchase, but they are also often concerned with the process of applying for a mortgage. The loan application process itself may seem daunting, but many are concerned about finding a great deal on their mortgage. This may include getting a great interest rate and finding a program with low closing costs. The Fannie Mae HomePath program and closing cost assistance program is a beneficial option for many, and you may benefit from learning more about it. What Is This Program? The Fannie Mae loan program has been around…
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28 May 2015
By Mark Feder

Did You Know: Reverse Mortgage Requirements Are Changing – Here’s How

Home Mortgage Tips
Many seniors have taken advantage of reverse mortgages in recent years. These unique mortgages allow seniors who are existing homeowners to tap into their home equity without taking on a mortgage payment. This can be a true benefit to seniors who are on a tight budget or who want to take advantage of their home equity without giving up ownership of their home. However, with new rules and requirements in place regarding reverse mortgages, the fact is that some of the benefits associated with reverse mortgages may be limited. In addition, some who may have qualified in the past may…
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21 May 2015
By Mark Feder

Refinancing on a FHA Mortgage? Learn More About the FHA Streamline Refinance

Home Mortgage Tips
Home buyers are often drawn to the FHA mortgage program due to the low interest rates, low closing costs and generally attractive loan terms. However, there will come a time when many who have an FHA mortgage want to refinance. After all, refinancing a mortgage may allow you to tap into your home's equity, obtain a lower interest rate, extend or shorten the loan term or achieve other goals you may have. While there are different loan programs that you can use to refinance, many are taking advantage of the FHA streamline refinance program. What Is the Streamline Refinance Program?…
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