Tag: <span>#questions</span>

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REVERSE OR FORWARD MORTGAGE?

What is the difference between forward and reverse mortgage? Reverse mortgage, money is borrowed, the loan is secured by your home, but you don’t have to pay it back with money out of your pocket. The loan is paid by the equity in your home; the mortgage balance increases over time. One way to understand...

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IT LOOKS LIKE A CONDO

It looks like a condo, is it a condo? One cannot determine whether or not a structure is a condo by looking at it when it comes to HOA’s. There are many properties that you may know as a patio home, townhome, or even a single-family residence, but because of the way the land was...

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REFINANCING IS HIGHLY DESIRABLE 

Refinancing is highly desired right now and we have helped many homeowners refinance their loans.  Frequently delaying the process is postponed mortgage payments due to forbearance. Is it possible to refinance a loan in forbearance? Yes, you can refinance if your loan is in forbearance. You will have to bring your loan current to refinance....

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CONSIDERING A BRIDGE LOAN?

Considering  a bridge loan is something to do if you need advance proceeds. What does that mean?  A bridge loan gives you an advance of the proceeds from the sale of your home in order to purchase a new home. A bridge loan is temporary.  It helps you purchase a new property without selling your...

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THE ANNUAL PERCENTAGE RATE

The APR discloses the cost of credit and is calculated by taking into consideration the finance costs of the loan; disclosing those costs in terms of the interest rate. APR is usually different than the note rate on the loan.

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QUESTIONS ABOUT REFINANCING?

Do you have questions about refinancing? We provide counsel to help you find the right mortgage. We’ve helped many clients refinance their loan. We are a mortgage broker, and search wholesale lenders to find the best rate and costs. We broker in both Arizona and California. Contact us, we can help! We offer a variety...