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Mortgage and Lending - ChangeMyRate.com® A Mortgage Corporation - NMLS #1326269
RECENT BLOG POSTS
This might be a bit too obvious but there are other reasons why lenders want to see copies of your bank statements besides seeing how much money you have. One of course is in fact to see how much money you have but not enough just for your down payment. There are a few loans out there that don’t ...
06/23/2023
There are many different types of mortgage loans. It’s important that you understand your options and the different factors you’ll want to consider before deciding which mortgage is right for you.Fixed-Rate and Adjustable-Rate MortgagesThere are two main types of mortgages: fixed-rate and adjusta...
06/21/2023
Loan modifications are a long-term financial relief option for homeowners who can’t make their mortgage payments. If approved by your lender, this option can help you avoid foreclosure by lowering your interest rate or changing the structure of your overall loan.What is a loan modification?A loan...
06/14/2023
The Home Mortgage Disclosure Act (HMDA), which has been in place for more than four decades, requires mortgage lenders to report information about their lending practices.Yes, it’s a behind-the-scenes, business thing. But it can be a good resource for consumers and borrowers, too. Let’s dive into...
06/06/2023
Mortgage rates have been on a wild tear recently, reaching 20-year highs topping 7% near the end of last year and bouncing around unpredictably ever since. And since even slight fluctuations in rates end up costing homebuyers hundreds of dollars a month, it’s understandable that many are paralyze...
06/03/2023
Getting preapproved for a mortgage is almost a requirement in today’s real estate world. In fact, many real estate agents won’t even let you into their cars to go look at houses until you’ve got your preapproval letter in your hand. And that makes perfect sense. Why would a real estate agent take...
05/27/2023
Homeownership is one of the best paths to building intergenerational wealth, especially within communities historically shut out from fair access to the housing market. For families of all races and income levels to prosper and successfully pursue the American dream of homeownership, home apprais...
04/27/2023
One of the most effective ways to build wealth is to invest your money. But how should you do it, how long should it take and when should you start?Working is a reliable way to earn money and gradually increase your wealth over time. However, there are several ways in which you can invest the mon...
04/26/2023
According to the calendar, we’re officially already in spring, meaning it should be the busiest time in real estate. 2023 isn’t shaping up to be a typical year, however, so what does that mean for the housing market?Below, we take a look at some of the things most impactful in the housing and rea...
04/11/2023
If you’ve owned your residence for a while, you’ve probably built up a valuable amount of home equity you can tap into and use as cash. Three popular ways to draw equity from your home include a reverse mortgage, a home equity loan or a home equity line of credit (HELOC).All three of these financ...
04/11/2023
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