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Mortgage refinancing is an option that homeowners can consider when they want to change the terms of their current mortgage. This usually involves replacing the existing loan with a new one, often with a different lender. It's not a redo…
Refinancing your mortgage is a strategic move that homeowners often consider when interest rates drop. This approach can reduce monthly repayments, shorten the loan term, or free up cash for other financial goals. But what if I told you that…
Non-QM loans are a relatively new addition to the mortgage industry, introduced following the housing crisis of 2008. The aim was to create more stringent lending criteria to prevent future financial crises. However, these stricter regulations inadvertently left certain borrowers…
Are you feeling overwhelmed by high-interest credit card payments, student loans, or other outstanding debts? Refinancing your property might be the solution you need to consolidate your debt and achieve financial freedom. Our team at Innovative Mortgage Brokers can walk…
Your home is an investment, but it might not feel that way when you write your monthly mortgage payment. However, every time you make a payment, you gain more equity in your home. This means you pay your mortgage balance…
The December Deadline is Approaching: How to Avoid the New 0.5% Fee for Home Refinances. Mortgage refinancing rates have never been lower. Today, it makes perfect sense to review where refinancing can dramatically decrease your monthly payments. You will want…
If your financial position has changed or the value of your home has gone up since you purchased it, you may be considering changing the terms of your home loan. If you want to get more favorable terms, lower your…
Over half of American homeowners financed their home purchase and have a mortgage. Banks and lenders like this arrangement because they earn money in the form of interest payments when they loan money to buyers. Buyers like it because they…
When you purchase a home with a mortgage, part of the terms of your loan include an interest rate. This rate is the percentage of the loan value that you will be charged in interest, should you take the entire…
