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Rate Lock Mortgages

Rate Lock Mortgages: What you need to know.   What are rate lock mortgages? Rate lock mortgages are a lender’s offer to secure a certain interest rate for an agreed-upon term. Rate locks protect you from raising interest rates but also keeps you from taking advantage of falling interest rates. Your lender may offer a “one-time float down” option to […]

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Home Equity Loans – A Powerful Financial Tool

Consider the Convenience and Tax Benefits of a Home Equity Loan The equity you have in your home can be a powerful tool in managing your overall financial situation. Your equity, the value of your home minus your existing mortgage, can serve as collateral for additional borrowing. While there are some risks with this strategy (as with any borrowing), home […]

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How To Reduce Your Debt Burdens

Most individuals have debt of one kind or another. It may be a home mortgage, a credit card, a student loan, an auto loan, or some other form of loan. Using debt as part of an overall financial strategy can be a good thing. Debt becomes a bad thing when you have too much of it, have the wrong kinds […]

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