Tag: Mortgages

What is mortgage insurance (LPMI) paid by lenders?

Half point images/Getty images. Illustrations by Austin Coule Certification/Bankrate Key takeout With…

7 Min Read

It’s not necessarily bigger for home buyers today

Key takeout Typical mortgage payments doubled between 2020 and 2024, but today's…

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Impact of cash-out refinance tax | Bank rate

Key takeout You will not borrow taxes on cash received from cash-out…

10 Min Read

Owner Funding: What is it and how it works

Key takeout Owner funding is an arrangement in which the homeowner or…

9 Min Read

What is a re-emergency action?

lillisphotography/getty images Key takeout The re-reason act, also known as mortgage satisfaction,…

7 Min Read

What is a step-by-step mortgage?

Key takeout Gradual Payment Mortgages (GPMs) have smaller monthly payments, but increase…

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What is your first home buyer tax credit?

Thomas Berwick/Getty Images Key takeout First-time home buyer tax credits no longer…

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Closure Cost: What are they and how much are they?

Radius Images/Getty Images Key takeout Mortgage closure costs are fees associated with…

8 Min Read

What are alienation clauses?

Fat Chance Productions/Getty Images Key takeout In a mortgage agreement, alienation clauses…

5 Min Read