By Maria Hinerman

Mar 26, 2014

How to Finance Home Improvements or Renovations

Are you looking to update your kitchen, build the master bathroom you always wanted, or even add a room to your home? Most home improvements or renovations not only help to better the look and feel of the home, they can also add value to your home (equity)....

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By Maria Hinerman

Feb 7, 2014

What is an Adjustable-Rate Mortgage?

Definition: An adjustable rate mortgage (ARM) is a type of mortgage loan with specific rate terms. An ARM is usually initially fixed for a set period of time, followed by periodic adjustments according to a specific benchmark. Other Factors: There are various...

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By Maria Hinerman

Feb 7, 2014

What is a Fixed-Rate Mortgage?

Fixed-rate mortgages are the most common type of mortgage selected by homeowners today. You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan. According to Warren Buffet,...

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By Maria Hinerman

Feb 7, 2014

How Divorce Can Affect Your Credit

Divorce can not only be emotionally painful, but it can also affect your finances. All shared accounts and co-signed loans suddenly become the cause of major issues, especially large loans and mortgages. And it is how you handle these financial obligations...

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By Marina Locks

Nov 7, 2013

The Difference Between Interest Rate and APR

Do you know what the difference is between Interest Rate and APR? These two items are key terms to know when researching mortgage loans. Here are their definitions: Interest rate is the rate at which interest is paid by borrowers for the use of money that...

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