Marco Santarelli

JANUARY 15, 2025

Understanding Mortgage Types Selecting the right mortgage type can significantly impact your financial future. Adjustable-Rate Mortgages (ARMs) Pros: Typically feature lower initial interest rates than fixed-rate mortgages.

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Redfin

APRIL 11, 2025

But with renovation costs on the rise, demand for move-in-ready homes is starting to outpace that of fixer-uppers. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord. Homeowners might also get some tax breaks for mortgage interest and property taxes, which can save you some money.

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Norada Real Estate

JUNE 22, 2022

They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. If your down payment is lower than 20%, your loan-to-value ratio for conventional financing will be higher than 80%, and your lender may require you to pay private mortgage insurance.

Finance 96

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Marco Santarelli

AUGUST 8, 2024

Here are some scenarios where refinancing could be beneficial: Homeowners with Existing Mortgages Above 6% : If you currently have a 30-year fixed rate mortgage at 7.5% , refinancing to a 30-year fixed rate at 6.56% can result in substantial monthly savings. Conclusion: The Right Move?

Mortgages 52

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Marco Santarelli

JANUARY 10, 2025

This can be a great option for those needing funds for renovations or debt consolidation. Shorter Loan Terms : For some, refinancing to a shorter loan term can save thousands in interest over the life of the loan, even if the monthly payment increases.

Mortgages 52

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