Mortgage

Closing Costs

Welcome to the Wonderful World of Closing Costs and Refinancing

The simplest way to include the closing costs in your refinancing calculations is to simply calculate the overall savings you expect to make when refinancing and deduct the estimated closing costs sum from the savings. If you don’t break even, you’ll be losing money on the refinancing, so maybe sticking to the old terms for a while longer is more advantageous.

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Real Estate

Home Buying in the U.K.

In today’s global economic climate, it can be difficult for people to buy a house while struggling with annual bills. But the U.K. government has a number of schemes available to first time buyers and existing homeowners such as Help To Buy, NewBuy and Right to Buy. Offering Government loans and easy ways to get 95% mortgages, these schemes have all been designed to help people own their own homes quickly and easily.

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Differences Between Pre-Qualified and Pre-Approved For a Home Loan

Pre-Qualified vs. Pre-Approved for a Home Loan- People commonly use the terms pre-approval and pre-qualified interchangeably when they are in the market to buy a home. However, these are two entirely different concepts, and it’s important to understand the difference between the two. One is an estimate, the other is a tentative commitment, and neither is

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Low Mortgage Rates – Reduce Your Payment or the Length of the Loan?

Prior to 2008 current mortgage rates were at their lowest levels in decades and many people were refinancing. At the time I warned that “this trend seems dangerous to me because rather than using this as an opportunity to shorten the life of their mortgage people are just reducing their payments.” Or worse still they were

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