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How to Get a MortgageHow to Get a Mortgage Buying a home is one of the biggest financial decisions most people make in their lives. For many, getting a mortgage is a necessary step in turning the dream of homeownership into reality. While the process may seem complicated at first, understanding the key steps can make it much more manageable. Here’s a comprehensive guide on how to get a mortgage. 1. Assess...0 Commentaires 0 Parts 1KB Vue 0 Aperçu
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In the US, the average mortgage rate for the first time since 2008 exceeded 6%The number of applications for mortgage loans fell by 64% compared to last year. In the US, the average mortgage rate for the first time since 2008 exceeded 6%, Reuters reports, citing data from the Association of Mortgage Banks. At the end of July 2022, the US Federal Reserve System (FRS) raised the interest rate by 75 basis points, to 2.25-2.5% per annum. Such an increase in mortgage rates...0 Commentaires 0 Parts 24KB Vue 0 Aperçu
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What Is a Mortgage?What Is a Mortgage? For many people, buying a home is one of the biggest financial decisions they will ever make. Since most buyers don’t have enough savings to purchase a property outright, they rely on a mortgage—a loan specifically designed for real estate. Understanding how mortgages work is essential for anyone planning to own a home, refinance, or even invest in property....0 Commentaires 0 Parts 2KB Vue 0 Aperçu
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What is Negative Equity?What is Negative Equity? Negative equity is a financial situation where the value of an asset, most commonly a property, falls below the outstanding balance on the loan used to purchase it. In simpler terms, it means you owe more money on your mortgage or loan than the asset is currently worth. How Negative Equity Happens Negative equity typically arises when property values drop due to...0 Commentaires 0 Parts 2KB Vue 0 Aperçu