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Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply

Marco Santarelli

FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. Debt-to-Income Ratio (DTI): Lenders want to see that you have a handle on your debt. My Personal Tip: Don't just jump at the lowest rate you see advertised.

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Should I Refinance My Mortgage Now or Wait Until 2025?

Marco Santarelli

15-Year Fixed Mortgages: Aggressive Debt Paydown The 15-year fixed mortgage is like the high-performance sports car it's designed to pay off your debt aggressively. Can you afford the closing costs? Refinancing comes with closing costs. What is your credit score and DTI?

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Bridge Loans in Connecticut: How to Unlock Home Equity to Buy Before You Sell

HomeLight

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase. That’s where a bridge loan in Connecticut can be your saving grace.

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Bridge Loans in Michigan: How to Unlock Home Equity to Buy Before You Sell

HomeLight

A bridge loan is a short-term financial solution designed to “bridge the gap” between selling your existing home and purchasing your new one. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

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15 Mortgage Questions to Ask Lenders Before Buying a House

HomeLight

Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.

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Bridge Loans in Arizona: How to Unlock Home Equity to Buy Before You Sell

HomeLight

At its core, a bridge loan is a short-term financial solution designed to help you buy your next Arizona home before you’ve sold your current one. In this pinch, they turn to a bridge loan to utilize the equity from their existing home, covering the down payment and closing costs for the new purchase.

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Bridge Loans in Utah How to Unlock Home Equity to Buy Before You Sell

HomeLight

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. Here’s a familiar scenario: you’ve set your sights on a new Utah home but need the equity from your existing property to manage the down payment and closing costs.

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