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Is Refinancing a Bad Idea?

Assurance Financial

Is Refinancing a Bad Idea? If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea.

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What’s the Difference Between a Fixed Interest Rate and an Adjustable Interest Rate?

Assurance Financial

Whether you’re a first-time homebuyer or a homeowner looking to refinance your mortgage, the financial logistics of homeownership may have you asking some big questions. Interest is the amount of money your lender charges you for using their services, calculated as a percentage of your loan amount. What Is a Fixed-Rate Mortgage?

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Can You Pay Off Your Mortgage Early?

Assurance Financial

Owning a home may be the American dream, but paying off your mortgage early seems more like a far-fetched fantasy. It isn’t, and paying off your mortgage early could help you save thousands of dollars in interest, get rid of big monthly payments, and live lien-free! We have good news. in interest.

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Mortgage Term Glossary

Assurance Financial

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

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Does Refinancing Affect Your Taxes?

Assurance Financial

Does Refinancing Affect Your Taxes? Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. Tax Deductions and Refinancing.

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Guide to Consolidating Mortgages

Assurance Financial

A mortgage usually lasts for 15 or 30 years, but that doesn’t mean you have to have the same home loan for several decades. Some people choose to refinance their mortgage at some point, either to take advantage of lower interest rates or change the loan length. What Does It Mean to Consolidate Mortgages?

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Appraiser Professional Goals

Appraisal Today

I would like to turn over my appraisal business to my daughter, who is certified.”. Should have retired last year but put it off due to the high amount of requests!”. Achieve a better work-life balance (10%). I have recently been writing about many of these topics since the market changed. Prepare for retirement (12%). “I