For the third consecutive week, there has been a rise in mortgage applications due to the increase in purchase volume. Peak levels were reached in July 2013, based on the Weekly Mortgage Applications
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Weekly Mortgage Applications Suddenly Spike
Comment Off 68 ViewsReports of a massive spike in mortgage applications hit the market in spite of the slow progress of interest rates. Recorded data from the MBA (Mortgage Bankers Association) showed that the overall
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The Rise in the Trend of Refinancing through Home Equity Cash-Out
Comment Off 5261 ViewsCash-out refinancing is gaining popularity nowadays. With mortgage rates remaining low despite increasing home values, more and more people are now putting their home equities into good use. Home
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Interest-Only Loans
Comment Off 40 ViewsAn interest-only mortgage allows the borrower to pay only the interest rate, for a preset period of time. The term for this kind of monthly payment could range between 5 and 7 years. Now, you may
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