By Mortgage Foxes | Closing
When you buy a house you need money on hand for both the down payment and the closing costs. Closing costs are the various fees that are accrued during the buying of a house. The closing fees include things like; the fee the lender charges for processing the loan for the home, the fee for […]
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By Mortgage Foxes | Loan , Mortgage
Lenders are in the business of lending people money because they make carefully calculated decisions based on your risk. They have two expectations: That you will repay them That they will make a profit. To judge if you are capable of meeting these two criteria, lenders look closely at your current financial position and your […]
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By Mortgage Foxes | Loan
As you know not every person who tries to get a loan qualifies for a loan. Lenders want to feel that whoever they give a loan to is able to pay it back. The first thing you need to do is you have to have your financial business in order if you want to get a […]
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By Mortgage Foxes | Loan , Mortgage
It used to be the first choice of most borrowers, because since the total payments are spread over a longer period of time with the interest rate set for the entire time of the mortgage. 30 year home loan rates in Minnestoa and Wisconsin are an industry standard but is it the right choice for […]
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By Mortgage Foxes | Broker , Mortgage
Mortgage broker. Mortgage lender. Bank loan officer. They’re all the same. Their job is to sell you mortgages. Period… Well, not exactly. While all three are closely related, the nature of their jobs deviates slightly from each other. What’s a mortgage broker? Contrary to popular belief, mortgage brokers do not work for the loan company […]
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By Mortgage Foxes | Credit , Mortgage
Various home loan programs are intended especially for home buyers with less than perfect credit. To find a good home loan with poor credit, it is essential to choose the right lender or mortgage broker in Minnesota or Wisconsin. Many new home buyers are unfamiliar with different types of mortgages. Therefore, many assume that a down payment […]
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