When purchasing a home, you can choose a short-term mortgage loan to cover the financing. These loans usually have a term of 5 to 10 years. These loans are great if you have the cash to pay off the big expense quickly, and you can save a lot of money in the long run by...
It is clear that interest rates over the past eight years have been historically the lowest they have ever been and most likely ever will be. With rates under 4%, the time has never been better to purchase a home or refinance. You could save tens of thousands over the lifetime of the loan. However,...
Magilla Loans is at the epicenter of loans in America. As America’s anonymous loan search engine, we are able to see exactly what loans are closing each day. Here is what CEO Chris Meyer is seeing: Low inventory Rates climbing HELOC rush Low inventory Typical of hot real estate markets, there’s a cycle. Home prices rise,...
Getting a home loan is hard enough. Getting a successful, low interest home loan is a feat all on its own. There are so many moving parts to purchasing a home that any advantage you can gain could mean hundreds or thousands of dollars saved each month in interest over a 30-year fixed mortgage. Below...