Tagged : new mexico home financing

Found 2 blog entries tagged as "new mexico home financing".

How to ensure you get the best possible interest rate you can.

The key is to become a better borrower. Is it possible to influence the type of deal you get? Yes, especially if you avoid these missteps.

1. Not Checking Your Credit Report

The three main credit bureaus — Equifax, Experian, and TransUnion — keep track of your credit history, including lines of credit, payments, and available credit lines, among other data. While most information collected is similar across all three bureaus, it’s possible to find differences between reports. 

When checking your credit reports, it’s most important to check for errors or misinformation. Accurate information can’t be deleted, but any information that can’t be verified or that’s inaccurate can be

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BY BARBARA EISNER BAYER

You can refinance or recast your mortgage. Or you can create your own DIY mortgage restructuring plan. We compare so you can decide.

The way your mortgage is structured today doesn’t have to be the way it’s structured tomorrow. What are your goals? To free up funds, reduce your monthly nut, or pay off your loan more quickly?

These three strategies offer something for most everyone.

  • Send in extra money to pay down principal.
  • Recast your mortgage.
  • Refinance your loan.

Send in Extra Money to Pay Down Principal

In the mid-1970s, Marc Eisenson coined the term “banker’s secret,” which promoted a cost-saving idea: Pay more than required on your monthly mortgage, and you’ll save a pile of money. Eisenson says,

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