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Estimated reading time: 4 minutes Quick answer: Yes, you can through a cash-out refinance and it’s a great option for some people. Here’s what it boils down to: home loans…
Tag: Mortgage Basics
Estimated reading time: 1 minute A comparative market analysis (CMA) is an estimation of a home’s value that is usually conducted by a real estate agent before listing a home. The…
Estimated reading time: 3 minutes Mortgage payments are an influential factor when it comes to family budgeting and spending, and it’s not unusual for them to change over time. If…
Estimated reading time: 1 minute The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, was chartered by Congress in 1970 to expand the secondary market for…
Estimated reading time: 1 minute Mortgage insurance protects the investor if the borrower defaults on the loan. It lowers the investor’s risk when funding a home…
Estimated reading time: 1 minute The Federal National Mortgage Association (FNMA), known as Fannie Mae, is a government-sponsored enterprise set up to make mortgages available to…
Estimated reading time: 3 minutes If you’re in the market for a mortgage, you’ve probably come across lenders that offer Pre-Approvals and Verified Approvals. And this may have…
Estimated reading time: 5 minutes Purchasing a home is one of the most meaningful financial decisions you can make. As you do, a key factor to consider is how much of a mortgage…