Everything you want to know about mortgages

A mortgage is a type of contract. This allows the lender to take away the property if the person fails to pay the money. Generally, a house or such expensive property is given in exchange for a loan. The house is security signed for a contract. The borrower is obliged …

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5 Things You Can Do With Bad Credit Loan Money

The fact that your credit score took a hit a while ago doesn’t mean no one will lend. In fact, you could qualify for one of the Magicalcredit.ca bad credit loans and not even know it unless you apply. Assuming you get approved, how could you put the money to …

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5 Tips for Approving a Home Mortgage Loan

Not everyone knows the most important things to consider when applying for a home loan. Sometimes they buy a house when they see interest rates and house prices going down. However, it is important to know that applying for a home loan is different from renting an apartment or applying …

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Home Mortgage Loans – Navigating the Maze

Home loans can be very confusing considering how many different types there are. Unless you’re a mortgage expert, it can be daunting to wade through the maze of home finance to decide which product is right for you. In order to choose a loan, it is important to clarify your …

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How to pay off your mortgage in 5 years

My wife and I have been “homebuyers” in our current residence for at least 7 years. Note that I said “home buyer” and not “home owner.” There is a common misconception that when you take out a mortgage, you immediately “own” the home. Assuming you have a 30-year mortgage, you …

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How to choose your mortgage loan

Are you looking forward to buying your first home? Or maybe this is not the first time, but you should still be curious! It’s a big step and a big decision. Finding the right mortgage loan is crucial. The key to saving money and probably a few headaches down the …

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Debt Consolidation Mortgage Loan – Pros and Cons

Debt consolidation mortgage loans can help you lower your interest rates and monthly payments. With reduced interest rates, you can also pay off your debts earlier. However, if you reduce your equity, you could be subject to personal mortgage interest. You can also spend more on interest payments by delaying …

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