Tag: Mortgage

Mortgage and loan shown as keyboard keys

30-Year Fixed-Rate Loan: Is it the Best Option for Me?

When it comes to choosing a home loan, most prospective buyers think of getting a 30-year mortgage with a fixed interest rate. While this is a popular choice, there is actually no single loan that fits all or most buyers. The right loan will still depend on your unique situation—all will include your income and debt status,

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How to Avoid Paying for PMI Successfully

If you take out a home loan in Oregon and put less than 20% down, you’ll be required to pay for private mortgage insurance (PMI for short). PMI won’t insure you, but rather the lender. Primary Residential Mortgage, Inc. notes that it protects your lender against financial losses in case your property goes into foreclosure.

Group of Elderly People Sitting on a Couch

How You Can Use a Reverse Mortgage as a Retirement Tool

The main purpose of reverse mortgages was to aid seniors in fulfilling their financial needs by allowing them to use their home equity. Nowadays, however, many seniors are realizing that they could use their reverse mortgages as practical financial planning tools. Here are some ways reverse mortgages could be used in retirement planning: Delaying your pension

Mortgage and Loan keys on a keyboard

Here’s How to Lower Your Mortgage Payments

Getting a mortgage to purchase your first home is almost always unavoidable. It comes with the convenience of payment spread over a period of time. If you think you are paying a high monthly mortgage, there are some ways you can lower the cost of payments by checking out these tips. The Right Mortgage Company

Man pointing at a home with a big word that says Refinance Your Home

A Timely Refinance: Lower Rates and How to Get the Best Deal

Time has become ripe again for people who wish to refinance their mortgage loans in Utah, and anywhere else in the country. Mortgage rates have dipped lower from 4.16% to 4.14%. As a result, borrowers — particularly, refinancers — have increased by 3.6% in the current week. You can follow in the footsteps of those refinancers