Your Home: 5 moves for 2006

How to Succeed 2006: Your home - Nov. 15, 2005: "Analysts expect the 30-year fixed rate to hit at least 6.7 percent before the end of 2006. For now the rate is a little more than 6 percent -- almost as cheap as a 5/1 adjustable rate mortgage. So if you're shopping for a new loan, it's well worth it to pay a little more (on a $200,000 mortgage, the difference comes to $26 a month) for the safety of a fixed payment. Have a three- or five-year ARM that's about to come up for an adjustment? Don't wait to refinance and lock in a fixed rate. "
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Seniors Turn to Staying Home in Later Years

gwinnettdailypost.com: " Instead of aging in place at an assisted living or skilled nursing facility, seniors have another option to consider ?? their home.
?Aging in place is not a real familiar term to people,? said Rocky Shanahan, vice president of reverse mortgage lending at Union Home Mortgage. ?Many assisted living facilities recognize the term as ?come to our place and age here,? but there is a big difference.?
Aging in place can also mean seniors aging in the comfort of their own homes, he said, adding, it?s a movement that is gaining momentum across the country. "
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Long-term mortgages get more expensive

Long-term mortgages get more expensive: "Borrowers looking for a good deal on mortgages are starting to run out of options.
For more than a year, rates on adjustable mortgages have been rising. But traditional fixed-rate mortgages have remained a remarkably good deal for borrowers -- and have also helped keep the mortgage and housing markets chugging."
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Bad Credit Home Mortgage Refinance ? Should You Refinance

Bad Credit Home Mortgage Refinance ? Should You Refinance: "A bad credit home mortgage refinance is possible for people with previous credit problems. The interest rates will not be as low as those for consumers with good credit but you can still end up saving in the end.
There are several questions you should ask yourself when considering a home mortgage refinance. First of all you need to access your credit situation. If credit has been a problem for you in the past, you will want to take control of your finances before applying for a mortgage refinance loan. Refinancing can either help or hinder your current situation."
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Looking for a Home Mortgage? Shop Around

Looking for a Home Mortgage? Shop Around: "The mortgage industry is a highly competitive one, so it wouldn?t hurt you to shop around before you decide on which company and which program you would like to go with.
There are two ways you can go about shopping around for a home mortgage lender.
The first way would be to do the shopping yourself. Before you begin your shopping however, it is important that you take the time to educate yourself with the language of the mortgage industry. This way you will be capable of talking the talk.
On the other hand, if you don't want to do the shopping yourself, you may want to consider finding a broker to do the shopping for you."
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Locating a Home Mortgage

Locating a Home Mortgage: "When it comes time for you to acquire a home mortgage for your first home or for a second home, or perhaps you are just looking to refinance. Whatever the case may be, it is important to shop around for a home mortgage.
When it comes to a home mortgage, mortgage companies are very competitive, they want and compete for your business, so let them.
There are many places these days to track down a home mortgage, the easiest being the internet."
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Introductory Offer Vs. Lifetime Low

Introductory Offer Vs. Lifetime Low: "What is an introductory offer?
When you take out a mortgage or move your mortgage, your proposed lender may offer you an introductory home mortgage rate. Introductory offers are normally in the form of a reduced interest rate; the most common form is a set percentage below the standard interest rate. By doing this, the lender knows that you will consider their offer much more seriously and the short-term gain could well outweigh any other costs. The fact is that your home mortgage rate is going to be one of the most important things in your financial world for a great many years and you should seriously consider exactly what you are getting yourself into and whether it offers exactly what you need it to."
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7 Mistakes Youll Want To Avoid Before And During The Mortgage Application Process

7 Mistakes Youll Want To Avoid Before And During The Mortgage Application Process: "Here's a list of things you DON'T want to do once you've decided that getting a new mortgage is something you need to do:
1. Don't go out and buy a new car:
Within the few months before applying for a mortgage, or during the mortgage process, avoid the urge to go out and make any large purchases such as a car, furniture or appliances.
Any other loan you take out prior to or during the mortgage process can directly affect your qualification ratios, thus your chances of getting an approval for the new home mortgage you seek."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

When and How Does it Pay-Off to Obtain a Home Mortgage?

When and How Does it Pay-Off to Obtain a Home Mortgage?: "f you are in dire need of money and don't have the financial means for a large cash transaction to buy a house, then opting for a home mortgage is worth consideration.
Basically, a mortgage refers to a long-standing credit that a debtor obtains from a financial institution or from a property seller.
In most cases, the house is the usual collateral for the mortgage, thus the term 'home mortgage'. In turn, the mortgage lender will be entitled to some legal rights upon the property as long as the mortgage is in full force or until the debtor pays back the loan."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Tips On Refinancing Your Home - When To Convert To an ARM

Tips On Refinancing Your Home - When To Convert To an ARM: "Common advice tells borrowers they should refinance their adjustable rate mortgage (ARM) to a fixed-rate mortgage. However, there are times when it makes better financial sense to do the reverse. The prime reason is that an ARM provides lower rates.
Low Interest Rates Of An ARM
An ARM?s primary benefit is a lower interest rate. Typically a couple of points lower than a fixed-rate mortgage, an ARM can save you thousands. The downside is that an ARM?s rates can rise.
However, if you are planning to move in a couple of years or expect rates to drop, then an ARM may be worth the risk. If you are worried about rising rates, you can select an ARM with rate and payment caps. There are also ARMs that convert to a fixed-rate after a preset number of years."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

The Truth About Debt Consolidation Loans (Avoiding Potential Pitfalls)

The Truth About Debt Consolidation Loans (Avoiding Potential Pitfalls): "Most of the online debt consolidation loans companies work something like this:

* You fill out a brief 1 or 2 page online form. This can normally be done in just a few minutes.
* The online debt consolidation loan company sends this form to its network of banks.
* You receive back a return email. This contains the best offers from the network of banks.
* You select the loan offer you like best (normally the one with the lowest interest rate).

It is really that easy. If you like any of the offers you just reply to the email, indicating which offer you want to accept or to request more information. And all of this costs you nothing! There should never be an application fee."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.