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Mortgage & Refinancing Information |
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Online Mortgage Brokers - What You Might Not Know About Home Loans & The Internet
You may think that applying online for a mortgage is the same as applying with a broker in the 'real world', only more convenient. While applying for a mortgage online is much more convenient, and sure to help you get a lower rate because of the amount of competition online, there is another benefit to using the internet when applying for a loan. Sometimes when you meet a broker and he/she takes a look at your financial qualifications, they might say, we can get you this rate. And that's it. That is your loan option with that broker. Most brokers have the mentality of wanting to process as many mortgage loans as quickly as possible, which is understandable. Well, one thing that you might want to know to help yourself out is that there are literally hundreds of different mortgage programs available. Most brokers and lenders will not explain to you the mortgage options you do have. They usually have a few favorite programs and will just use those over and over since they know them. A great way to help yourself is to research loan programs online. One benefit of the interne is that there are many informative articles and information to help you understand the pro's and cons of every kind of loan program, FHA loans, balloon mortgages, VA loans, graduated payment mortgages, Fannie Mae and Freddie Mac loans. Once I started doing my research online and reading through the mortgage company websites online, I was amazed to discover that there are mortgage loans online that I would have liked to had when I first bought my house, but I didn't even know they existed and they were never offered to me by my broker. I would have saved myself a lot of money had I done my research online first. To view our list of recommended mortgage lenders online, visit this page:Recommended Mortgage Lenders Online. Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans.
MORE RESOURCES:
What are the hidden costs of refinancing a mortgage? Fox Business 3 Mortgage Refinance Strategies to Consider in 2021 The Motley Fool Mortgage refinance rates continue hitting record lows – here’s how to get the best deal now Fox Business What is a mortgage prepayment penalty fee, and how does it work? Business Insider What Is A Debt Consolidation Refinance? | Pros And Cons The Mortgage Reports Black Knight Delivers Next Generation of its Loansifter Product, Pricing and Eligibility Engine for Mortgage Brokers Yahoo Finance Racked Up Holiday Debt? Refinancing Could Help You Pay It Off The Motley Fool 3 Options for Financing Home Improvements in 2021 The Motley Fool Can You Refinance A USDA Loan? | USDA Refi Options The Mortgage Reports PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research Taiwan News Mortgage refinance: Everything you need to know Fox Business Buying a Second Home: What to Do and How Much It Costs Credible News How to decide if you should refinance your mortgage Fox Business How to refinance your mortgage Fox Business Who's exempt from the new mortgage refinance fee? Fox Business Everything You Should Know About The New Mortgage Refinancing Fee That Goes Into Effect Dec. 1 Forbes Today’s mortgage refinance rates hold steady for third consecutive day | December 11, 2020 Fox Business Today’s mortgage refinance rates mixed — one key rate drops while two hold steady | December 15, 2020 Fox Business How do I get the most out of my mortgage refinance? Fox Business 4 ways to get lower mortgage refinance rates Fox Business Today's mortgage refinance rates don't budge for fourth consecutive day | November 24, 2020 Fox Business 10 things to know before refinancing your mortgage Fox Business The best mortgage refinance lenders of January 2021 Business Insider Refinancing your mortgage? Don’t make this mistake Fox Business Today's mortgage refinance rates stay low with the election underway | November 3, 2020 Fox Business Today’s mortgage refinance rates climb upward — though one key rate holds steady | October 23, 2020 Fox Business Complete Checklist of Mortgage Refinancing Requirements Credible News 10 tips for getting the best mortgage refinance rates Business Insider How often can you refinance your mortgage? Fox Business How to refinance your mortgage without closing costs Fox Business Thinking of refinancing your mortgage? Do your homework before you jump in. The Philadelphia Inquirer When should you refinance your mortgage? Fox Business Today's mortgage refinance rates hold steady at unprecedented lows | October 16, 2020 - Fox Business Is now a good time to refinance your mortgage? Fox Business How to get a low-cost mortgage refinance Bankrate.com How to Refinance Your Home | Home Lending Chase News & Stories How much can you save by refinancing your mortgage? Fox Business Mortgage refinancing is about to get more expensive Pittsburgh Post-Gazette No-Closing-Cost Refinance: Is It Right for You? NextAdvisor The impact of the coronavirus on mortgage refinancings Brookings Institution |
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