Tag: mortgage
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Mortgages: Unveiling the Benefits and Considerations of Adjustable-Rate Mortgages (ARMs)
When it comes to financing a home, many buyers opt for a traditional fixed-rate mortgage. However, there’s another option worth exploring: the adjustable-rate mortgage (ARM). Unlike its fixed-rate counterpart, an ARM offers an adjustable interest rate that fluctuates over time. While ARMs come with inherent risks, they can also provide unique advantages for certain homeowners.…
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Selecting a Mortgage: A Step-by-Step Guide to Finding the Right Home Loan
Choosing a mortgage is an important step in the home-buying process. With so many alternatives, understanding the essential aspects involved will help potential homeowners make informed judgments. This step-by-step guide will take you through the mortgage decision process, covering important issues, including mortgage types, interest rates, down payments, and pre-approval requirements. Determine Your Financial Goals…
Sonia M. Rompoti, MSc, bsc 