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How to Avoid the Traps of a Teaser Rate

If you are offered an extremely low interest rate, chances are it’s just a teaser rate that will only last for a short period. After the introductory period, the rate jumps substantially. If you aren’t aware that this teaser rate is temporary, or don’t plan for oncoming higher monthly payments, you could get yourself into …

Secured vs. Unsecured Loan: What’s the Difference?

aydinmutlu/Getty Images Secured versus unsecured loan: If you’re Googling this phrase, odds are you’re immersed in the process of looking for a loan, and need some clarification on the difference between these two types. So here’s the deal: A secured loan means you put up something of value as a promise you’ll pay the loan back. An unsecured loan …

4 VA Loan Myths That Hold Military Buyers Back

There’s a laundry list of myths and misconceptions surrounding VA home loans. Some of the most pervasive are rooted in dollars and cents. But other common misconceptions hit on things like eligibility, multiple purchases and the safety of these $0 down loans. Whether it’s a single myth or a compilation, often outdated or flat-out bad …

Should I Refinance? 5 Signs It’s Time

Justin Sullivan/Getty Images Should I refinance? If you’ve heard that interest rates on home loans are still at record lows, you might be pondering if now is the time to call your lender. After all, conventional wisdom tells us that you should refinance your mortgage when interest rates plunge—but it turns out that’s not always true. The decision …

Azure Partner Roundup: Covid-19 management; IoT certifications; Dimension as a Service

Microsoft Azure partners share the latest product announcements, from a new Covid-19 management system to IoT certifications and a ‘Dimension as a Service’ offering. Innovacer deploys Covid-19 management system in Azure Marketplace Healthcare technology company Innovacer announced the availability of its new COVID-19 Management System in the Azure Marketplace. The offering is intended for multi-platform …

5 Ways to Score a Lower Mortgage Payment

bee32/iStock Want a lower mortgage payment? Welcome to the club! Has your mortgage left you so short on cash, you plan to eat Kraft mac ‘n’ cheese every night for the next 30 years? That’s why most lenders scrutinize your financials and will only loan you as much as you can afford. But here’s the problem: …

Are You Paying Too Much for Your Mortgage?

ziquiu/iStock Paying a mortgage is a huge financial drain. So you definitely don’t want to pay so much as a penny more than you should—but it happens. Even if your financial smarts are top-notch, overlooking small details can inflate the amount that you shell out. Here are the main reasons homeowners pay too much—and how to whittle …

What Is a Mortgage? Home Loan Basics Explained

ArtemSam/iStock What is a mortgage? In a nutshell, a mortgage is a loan that enables you to cover the cost of a home. Since you probably don’t have hundreds of thousands of dollars lying around, a mortgage loan makes it possible to purchase real estate by fronting you the money. From there, you pay back …