Loan

What is a 3/1 ARM? 30 Year Loan Fixed For First Three Years Only

If you haven’t heard about 30-year mortgage rates recently, maybe an ARM would be a better fit for you. This…

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Can You Refinance a Home Equity Loan or HELOC?

With second mortgages like home equity loans and home equity lines of credit (HELOCs) growing in popularity lately, I thought…

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Fannie, Freddie, FHA, and Chase Announce Home Loan Assistance for LA Wildfire Victims

While the Los Angeles wildfires continue, some mortgage relief options are starting to emerge. This morning, both Fannie Mae and…

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What’s the Downside of Getting a Mortgage?

I saw his seemingly direct question and was surprised that I had never answered it. I’ve been writing about mortgages…

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Ally Financial Says It’s Quitting Mortgages, Laying Off Employees

Well, 2025 is off to a rocky start as one of the world’s biggest lenders says it’s over. Ally Financial…

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Should You Drive to Qualify for a Mortgage?

In the mortgage/real estate world there is a saying: “Call until you qualify.” It’s a great way that if you…

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New Law Removes Medical Debt From Credit Reports, Could Lead To 20K More Home Loan Approvals A Year

The Consumer Financial Protection Bureau (CFPB) has finalized a rule that will remove medical debts from consumer credit reports. By…

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Real Estate Rates Return to 2001 Levels

The popular 30-year rate has reached 6.91% starting in 2025, according to the latest data from Freddie Mac. This means…

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Is 30 Years Fixed or Still a Good Deal?

It’s no secret that the 30-year deal was the best deal of the last few years. Back in 2021 (and…

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We enter 2025 with mortgage rates rising

What a difference a year makes. By the end of 2023, mortgage rates have dropped by about 150 basis points…

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