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26 Jun 2019
By 24hr Mortgage

Simple Tips To Pay Off A Home Mortgage Loan Faster

Mortgage, ,
It is a major life decision to buy a home and yet many do not consider how much they will pay on the interest over the life of the loan. All they usually think about is if they can afford to pay the monthly mortgage payments. It is helpful to learn how different loan structures impact the amount of money wasted on the interest paid for a home loan. Here is a comparison of different loan lengths and payment options to show some helpful ways to reduce the total interest paid. Standard 30-Year Fixed Mortgage For a buyer who has…
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25 Jun 2019
By 24hr Mortgage

Fed Holds Key Rate Steady As It Watches Economic Trends

Market Outlook, ,
Federal Reserve policymakers held the federal funds rate at its current range of 2.25 to 2.50 percent. Analysts speculated that the Fed may lower its key rate based on signs of slowing economic growth and the President's encouragement to lower the Fed rate. Federal Open Market Committee members cited "uncertainties" in support of their decision not to change the Fed's key lending rate. A stiff month-to-month drop in jobs growth and worries over trade problems associated with recent tariffs assessed against China contributed to the Committee's decision to hold rates steady and closely watch domestic and global economic trends. Signs…
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24 Jun 2019
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – June 24th, 2019

Financial Reports, ,
Last week's economic reports included monthly readings on housing market conditions, housing starts and building permits issued. Sales of pre-owned homes were released; the Federal Reserve announced its decision not to raise its key interest rate range. Weekly reports on mortgage rates and new jobless claims were also released. NAHB: Home Builder Confidence Slips in June The National Association of Home Builders Housing Market Index for June showed builder confidence was two points lower at an index reading of 64. Builders surveyed said ongoing concerns such as lot and labor shortages impacted their outlook, but builders were also concerned over…
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21 Jun 2019
By 24hr Mortgage

Pros And Cons Of Installing A Pet Door

Real Estate, ,
If you've just moved into your new home and you have a pet, you may be thinking of installing a pet door. A pet door is a permanent door feature that is cut into the bottom third of an entry door. Before making a permanent alteration to your door, consider the pros and cons of installing a pet door.  Pro: Your Pet Can Come And Go As Needed A pet door could cut down on indoor pet accidents if that's a problem you've had to deal with in the past. This is especially convenient if you get home late to…
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20 Jun 2019
By 24hr Mortgage

NAHB: Builder Confidence Slips in June

Market Outlook, ,
Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June's index reading was 64, which indicates strong sentiment among home builders for current housing market conditions. NAHB component readings also dropped in June with builder confidence in current home sales one point lower at an index reading of 71. Home builder confidence in home sales conditions over the next six months dropped two points to 70 and builder confidence in buyer traffic was one point lower at 48. Buyer traffic readings seldom exceed the NAHB benchmark reading of 50. Index readings…
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19 Jun 2019
By 24hr Mortgage

Buying A Home In Foreclosure

Real Estate, ,
Foreclosure is a process that happens over many months. There are various opportunities to acquire real estate that is in a different stage of foreclosure, including before the foreclosure process completes. This short guide identifies the different stages and the opportunities that may exist to acquire a property at a discounted price. Get The Money Lined Up First To acquire a property at any part of the foreclosure process requires cash or pre-approved credit. Have the full amount of cash available to pay for the transaction or have a recent pre-approval letter from a reliable lender. The letter shows the…
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