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Mortgage

  • 6 pros and cons to know before you sign for a HELOC
    Published: Jun 30, 2016

    Home equity lines of credit (HELOCs) is a kind of second mortgage that offers homeowners the ability to borrow money against the collateral of their home.  If you've lived in your home more than a couple of years, you likely have enough equity to apply for a HELOC. A HELOC works similar to a credit card ...

  • 4 Legitimate Ways to Boost Your Credit Score
    Published: Apr 4, 2016

    If you need to boost your credit score in a hurry because you want to qualify for the best rates on a personal loan or to secure a mortgage during the spring house-hunting season, it is possible to pull it off. A strong credit score always helps you get the best lending rates and terms available. "Even ...

  • Qualifying for a mortgage after foreclosure takes time and work
    Published: Jun 10, 2015

    You lost your home to foreclosure a couple years ago. Can you apply for a new mortgage today? Maybe. But it all depends on the steps you've taken to build your credit score since your foreclosure. "A lot of people think that once they lose a home to foreclosure that they can never apply for a mortgage ...

  • What to expect at closing
    Published: Dec 30, 2014

    You've haggled over price and qualified for a mortgage, and now the only thing standing between you and your new home is the closing, where you'll sign the paperwork finalizing the deal. What should buyers expect will happen there? "The closing really should be a good experience for everyone," says David McKey, a Louisiana real estate ...

  • The Sad 6: States with the worst housing markets
    Published: Nov 4, 2014

    The dream that was once considered the birthright of Americans -- a lifelong career, a family, a nice house -- is a dream deferred for many. Although median home prices are seeing double-digit growth in the areas that were hardest hit in the housing bust, seven years after the Great Recession began, many homeowners are ...

  • 6 steps to restart the refinancing process
    Published: Sep 9, 2014

    Refinancing your mortgage can be a great way to take advantage of lower interest rates and decrease your monthly payment by hundreds of dollars. The drawback is that the process is time consuming, and for those who've had their application denied once already, it can be devastating. Mortgage experts say that depending on the reason for ...

  • 6 things to avoid before applying for a mortgage
    Published: Jul 29, 2014

    So you've reviewed all the mortgage basics and are preparing to take the plunge. You got your free credit score from WisePiggy, saved up and prepared the paperwork. But do you know what NOT to do? Unfortunately, all the advance planning in the world can be undone in a matter of minutes if you make ...

  • A beginner's guide to applying for a mortgage
    Published: May 6, 2014

    So you're ready to pull the trigger on what will (probably) be the biggest purchase of your life: a home. Or do you just think you're ready? There's a lot more to picking the perfect house than deciding whether granite countertops and hardwood floors are must-haves. Fortunately, there are steps you can take in advance ...

  • Is 30 years too long for a mortgage?
    Published: Jan 21, 2014

    No matter how you cut it, 30 years is a very long time. Yet, even though this feels like a lifetime to some, the majority of home loans taken out in the United States are for a full 30 years, a matter that many find perplexing. So, why do people choose a 30-year mortgage in ...

  • What are jumbo loans?
    Published: Oct 23, 2013

    You don't need a master's degree in zoology to work out that jumbo loans are big mortgages. But, if you're in the market for one, you need to know a bit more than that. What are jumbo loans? The easiest way to define what a jumbo loan is, is to define what it isn't. It's not a ...