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Mortgage Trend

Mortgage rates drop to another historic low

Wall Street rallied this week as the country starts to slowly reopen businesses, there are some signs of peaking regarding hospitalizations for COVID-19 and there have been more positive studies about potential treatments. However, the data still paints a dismal picture for the hole the United States’ economy will have …

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Movement serves record number of families

Movement Mortgage, a top 10 national retail mortgage lender, served more families and closed more loans in April 2020 than in any single month of its 12-year history as a company.   More than 9,500 families trusted Movement Mortgage with their home purchases and refinances last month. That means more than …

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How does a cash-out refinance work?

With interest rates at historic lows, many homeowners are considering mortgage refinancing. A typical refinancing entails closing out your original loan and opening another — same principal balance financed at new terms and a better rate. A cash-out refi is different. It allows a homeowner to borrow some money and …

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How to increase home equity during a quarantine

Many of us have started honing our cooking and cocktail making skills, completing artistic projects, doing massive jigsaw puzzles and creating a mini-industry of mask-making sewing clubs. But being stuck at home also allows you to take on some home improvement projects that can add real value to your home. …

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How the Coronavirus has Changed the Home Buying Process

Everything has changed since the COVID-19 outbreak began in the U.S. two months ago. And buying a home is no different. We wanted to know exactly what has changed to better prepare people looking to buy a house, so we asked the experts. Rate Search: Check Mortgage Rates and Compare …

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Refi remains king with mortgage rates historically low

As of this week, more than 26 million Americans have filed for unemployment. That number is staggering. This week alone, according to the Labor Department, 4.4 million more Americans filed initial unemployment claims. The positive that we can draw from that is perhaps we have reached the peak of job …

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Why an FHA Loan May Be Your Best Option

You want to buy a home so bad you can practically taste it. Yet you have less-than-desirable credit and not enough salted away for a down payment as you had hoped. Truth is, it’s likely going to be difficult to qualify for a conventional mortgage loan. That’s because traditional home …

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True Or False: Refinancing during COVID-19

No one can accurately predict how long COVID-19 will continue to disrupt our lives, jobs or the economy at large. Whenever there’s that much uncertainty, mortgage rates can be volatile.  That volatility has many asking whether this is a smart time to refinance your home or condo. There’s no crystal …

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Home Improvement Loans with Bad Credit

Do you need a loan to make renovations or repairs to your house? There are several types of renovation loans that allow you to get a loan using your equity as collateral. But, what credit score is needed for a home improvement loan? Rate Search: Check Today’s Refinance Rates Credit …

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