Published on Oct 10, 2016 Do you want to refinance but have low or no equity? You could be eligible to refinance with the Home Affordable Refinance Program (HARP) even if you’ve been denied in the past. HARP’s easy qualification requirements and streamlined refinance process have made it possible for nearly 3.5 million Americans to… Continue Reading Save Money With HARP | Quicken Loans
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An Adjustable Rate Mortgage (ARM) is a type of mortgage loan where the interest rate is not fixed for the entire term of the loan but can adjust periodically based on a specific index or benchmark. ARMs typically have lower initial interest rates compared to fixed-rate mortgages, which can make them attractive to borrowers who… Continue Reading Understanding Adjustable Rate Mortgages (ARMs)
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Mortgage subordination is a financial arrangement that involves changing the priority of existing mortgages or loans on a property. Subordination typically occurs when a borrower wants to take out a new loan or mortgage, and it affects the order in which creditors are paid if the borrower defaults on the loans. Here’s a detailed explanation… Continue Reading Understanding Mortgage Subordination
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