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Why Most People Don’t Qualify for 15-Year, Fixed-Rate Mortgages?

Financial experts say you shouldn’t buy a house until you qualify for a 15-year, fixed-rate mortgage. Although this statement holds true, many Americans don’t make the cut. The 30-year kind exists to serve most of those that dreamed, tried, and failed to benefit from the gains the 15-year home loan promises. Why does the 15-year, fixed-rate mortgage approval elude most people? Any experienced mortgage broker...

How to Improve your Hospital’s Revenue Cycle Management

There are three things that most hospitals deal with that makes revenue cycle management challenging for them: patient debt, volatile healthcare market, and rising provider costs. This can make it difficult for them to keep up, which often leads to a messed up revenue cycle management and financial loss. Luckily for hospital owners, there are revenue cycle management companies that offer excellent services....

Home Buying 101: Should You Buy Title Insurance?

When purchasing a house, you’d probably need to decide if you’re going to purchase title insurance or not. This kind of insurance policy is different from private mortgage insurance and homeowners insurance. Below you’ll find what title insurance is, how it works, and whether you should have one or not. What exactly is title insurance? Title insurance safeguards you from any financial loss associated...

What to Consider When Funding a Home Remodeling Project

Are you planning a home improvement project, but you still need more money? While there are many financing options, a short-term loan is one of the best out there. If you live in Salt Lake City, title loans from Utah lending companies could offer a good deal. However, it pays to be familiar with this type of funding before you sign a contract. Asking the Right Questions Most people fail to check if they are...

Types of Financial Advisors

Who is your financial advisor and how do you pay them? While a majority consider these two questions none of their concern, they have a direct effect on the type of advice and the quality of services you receive. It is not every financial advisor who will put your business interest first. Although the financial advisor categories can be confusing, it is critical to understand them to ensure you are hiring the...

Taking an FHA 203K Loan

Whether you are trying to buy your first home or want to buy a fixer-upper property, finding financing can be daunting. The FHA is a reliable source for insured loans and backed by the federal government. Primary Residential Mortgage, Inc. notes that under the FHA 203K loan program, buyers can use the money to buy a damaged home and repair it. This money can be used to do repairs on the home you currently live...

An Alternative Solution to Traditional Commercial Loans

Regardless of the niche or industry your business belongs in, it needs capital or physical funds to remain in operation. However, not all organizations have easy access to such finances. This is particularly true for start-ups and smaller-sized businesses. The good news is there are a number of financial services that you can qualify for to receive the assistance you need. For instance, there are asset-based...

Mortgage Financing: What Are Hybrid ARMs And How Do They Work?

First came hybrid plants, then hybrid cars, and now we have hybrid adjustable-rate mortgages. Those looking for mortgage financing options other than the “traditional” 30-year fixed rate mortgage, 15-year fixed rate mortgage, and the regular adjustable rate mortgage (ARM) now have hybrid ARMs to consider. What is a hybrid ARM? A hybrid ARM has characteristics of a fixed rate mortgage and an adjustable-rate...

4 Fees You Should Be Aware of When Buying a House

When you are about to buy a house, it is easy to concentrate on the actual price of the property and forget about the closing costs involved. But if you are to budget for the purchase accurately, it is important to know all the fees involved in the entire process. Here are four of the most common expenses you can expect when buying a property: Solicitor fees Given the magnitude of investing in a house, you should...

How Can You Time Your Mortgage Rate Lock?

In a home loan, the interest rates allotted are called mortgage rates, which refers to as a mortgage. These rates are dependent on the rate of mortgage-backed securities (MBS), which are bonds supported by U.S. mortgages. Mortgage rates here in Ogden and throughout the whole country vary by mortgage lender, and between USDA, FHA, VA, jumbo, and conventional loans. As soon as you have chosen a mortgage company,...