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Top 5 Most Expensive US Cities

by on April 27, 2010 in Economic Analysis, Home Buying, Refinance Mortgage

The signs that the economy is starting to improve are subtle, but they’re out there. Whether it’s through the slowly lowering gas prices or the [...]

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Should I Refinance My Mortgage?

by on April 20, 2010 in Refinance Mortgage

Probably every homeowner considers refinancing sometime during the life of their loan, or maybe you’ve considered it quite a few times. The trick is, how do you know if it’s a good time to refinance?

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Discount Points: Should You Buy Them?

by on December 7, 2009 in Home Buying, Refinance Mortgage

If you’re buying a home, chances are you’ve considered buying a point or two to lower your mortgage rate. But how do you know if buying is a good choice? How much does a point cost? And how much does a point lower your mortgage rate?

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How ARMs Work & Why They’re Not Evil

by on November 30, 2009 in Home Buying, Mortgage Rates, Refinance Mortgage

You hear about it often, avoid ARMs. Or, whatever you do – do NOT get an ARM. Usually this phrase is followed by: people have [...]

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Closing Costs: What They Are and How to Avoid Them

by on October 7, 2009 in Home Buying, Refinance Mortgage

For anyone who is looking to refinance or buy a home, closing costs are a burden. Having to save up close to $5,000 or more is a pain, and a drain on your money. So why is closing so expensive? Why do some companies require a deposit? And most importantly, how do you get out of having to pay that much upfront?

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Great Reasons to Buy or Refinance Now – Quicken Loans Podcast Series

by on September 21, 2009 in Home Buying, Refinance Mortgage

Welcome to the latest in a series of audio news stories from Quicken Loans. You can listen to the audio file or if you prefer, you can read the text below. If you have any topics you’d like to see covered by our audio news series, please email us at content@quickenloans.com.

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3 Great Reasons to Buy a Home or Refinance Now

by on September 11, 2009 in Home Buying, Refinance Mortgage

You’ve probably heard it a million times, “Now’s the time to buy a home” or “Refinance today to lock in at a lower rate!” But the truth is — this is actually not marketing hype. Now really is the best time to buy a home as explained by Mark Smith in this podcast. This is why:

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The Ugly Truth of Appraisals

by on August 27, 2009 in Economic Analysis, Home Buying, Refinance Mortgage

To you, this house is worth say $200k. It’s perfect. Just off the highway, easy commute, you love the color purple, and you think overgrown ivy is charming. You are willing to pay 200k for it – so it must be worth that right?

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Reverse Mortgages: After the Life of the Loan, How is a Reverse Mortgage Paid Back?

by on January 26, 2009 in Refinance Mortgage

When do I pay back my reverse mortgage? What exactly happens when the loan becomes due? They’re good questions, and some of the most common among reverse mortgage clients. So let’s get you some answers.

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Interest Only Home Loan Financing

by on December 27, 2008 in Home Buying, Refinance Mortgage

UPDATE: Due to current financial markets, most mortgage companies, including Quicken Loans, do no offer interest-only loans. But if you’re looking for a low payment, [...]

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