4 mortgage facts to know

You don’t see the words "fun" and "mortgage" in the same sentence very often. But we’ve rounded up a passel of interesting facts about home loans.

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Remortgage – 4 Facts You Must Know! | CYCHacks – It will guard you against a hike in an interest rate hike. This helps you to keep from getting stuck on an SVR. The Basics: A mortgage is a home-buying tool, in which case your property is offered to a bank or mortgage lender as collateral for the finances borrowed to pay for the house.

Knowing these four facts can help you make the right decision and possibly save money each month by avoiding mortgage insurance all together. When buying a home and shopping for a mortgage, many people will be faced with some decisions regarding private mortgage insurance (pmi).common questions include:

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#4: Other Important Facts. Here, we’ve listed a few last-minute facts you should know about mortgage points before making the leap: While you’ll receive an interest rate reduction for purchasing points, the number associated with this reduction is determined by the lender and marketplace you choose.

If you own your home, there are key mortgage facts you need to know in order to protect yourself financially. Below, we’ll look at three of the most important ones. 1. Little-known rules can help.

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10 Mortgage Facts You Should Know By Veronica Nguyen Apr 20, 2015 Mortgage 17,790 . Image courtesy of Flickr, Daniel Zedda These 10 mortgage facts will give you an advantage when shopping for a home or refinancing an existing loan.