By Kat DeLong Mortgages, equity lines of credit, second mortgages – these terms are often tossed around by lenders, but do you know what they really mean? It may seem like Homebuying 101, but knowing the difference between these types of loans is a crucial part of making your first home purchase or improving the…
Perhaps you received an inheritance and want to pay off your mortgage. Or maybe you cleaned up your credit and want to refinance a not-so-favorable loan. These sound like easy adjustments, right? Well, that depends. Prepaying your loan could cost a good deal of money if you have a prepayment penalty in your contract. Though…
By eBridge author The home buying process has been made much more convenient with the ubiquity of the internet, but these sites still have their flaws. The information you find online may not always be correct. Make sure you ask the important questions when you’re house hunting. Don’t rely on the information you find. Also,…
by eBridge author The average rate of a home loan is 30 years. A home is a huge purchase and the loan will follow you around for a long time. So what can you do to shorten the time it takes to pay it off? Try refinancing. If you reduce the rate at a shorter…
