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Mortgage |
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HELPING YOU FIND YOUR WAY IN THE SEARCH FOR A MORTGAGE COMPANY |
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Many brick & mortar banks and credit unions provide mortgage financing options. The internet provides a seemingly endless array of options for initial mortgage or a refinance |
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Helping you achieve your financial goals |
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CASH OUT REFI? A cash out refinance mortgage will increase the amount you owe on your primary mortgage loan. While it doesn’t sound good, there are several things to consider. First, think of how your monthly cash flow will change. Do you have a large payment from a HELOC or second mortgage that will be gone? Add the amount to the lower mortgage payment and you may have a considerable change in your monthly cash flow. |
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A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan. |
A home buyer or builder can obtain financing (a loan) either to purchase or secure against the property from a financial institution, such as a bank, either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. |