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Rate Lock Mortgages

Rate Lock Mortgages: What you need to know. What are rate lock mortgages? Rate lock mortgages are a lender’s offer to secure a certain interest rate for an agreed-upon term. Rate locks protect you from raising interest rates but also keeps you from taking advantage of falling interest rates. Your lender may offer a “one-time float down” option to give […]

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Adjustable Rate Mortgages (ARM)s: A Better Fit Than Fixed Rate Mortgages?

Adjustable Rate Mortgages (ARM)s: A Better Fit Than Fixed Rate Mortgages? – Buying a home is a step in the right direction for your personal finances, but it can be intimidating if you don’t know all of the options. 30-year fixed mortgages were once believed to be the “Gold Standard” of mortgage lending, but sometimes there may be a better […]

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Home Equity Loans – A Powerful Financial Tool

Consider the Convenience and Tax Benefits of a Home Equity Loan The equity you have in your home can be a powerful tool in managing your overall financial situation. Your equity, the value of your home minus your existing mortgage, can serve as collateral for additional borrowing. While there are some risks with this strategy (as with any borrowing), home […]

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