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Refinancing a Mortgage – Why and How to Refi
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Refinancing a Mortgage – Why and How to Refi

  • Posted on September 6, 2019July 26, 2022
  • by BrightDime

The simplest way to understand what refinancing a mortgage means is just to think of it as getting a mortgage, again. You’ll rate shop for the lowest interest rate, you’ll…

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  • Glossary

FHA loan

  • Posted on September 6, 2019July 26, 2022
  • by BrightDime

FHA loans (mortgages insured by the Federal Housing Administration) are intended for home buyers that would have difficulty qualifying for traditional mortgages. Down payments as low as 3.5% are accepted…

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  • Series

Home Buying: Between Offer and Close There’s a Lot to Do

  • Posted on August 30, 2019July 26, 2022
  • by BrightDime

This is the 4th entry in our Home Buying series. There are links to the other entries at the end of this article. Buying a home can be a long,…

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  • Glossary

home inspection

  • Posted on August 29, 2019July 26, 2022
  • by BrightDime

A home inspection is undertaken after an offer is accepted on a home, and before closing. The purpose of the home inspection is to identify any potential issues with the…

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  • Glossary

contingency

  • Posted on August 29, 2019July 26, 2022
  • by BrightDime

A contingency is a condition of a contract that must be fulfilled for the contract to move forward. They are common in the home buying process to protect buyers by…

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  • Glossary

title

  • Posted on August 29, 2019July 26, 2022
  • by BrightDime

Title is a legal term that indicates who legally owns a piece of property. Most people will encounter titles as they apply to a car or a home. Before buying…

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  • Glossary

appraisal

  • Posted on August 29, 2019July 26, 2022
  • by BrightDime

An appraisal is a neutral third party’s estimate of the value of a specific asset. Appraisals in the home buying process are performed by professional, often licensed or certified, appraisers…

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  • Glossary

escrow

  • Posted on August 29, 2019July 26, 2022
  • by BrightDime

An escrow account is held by a third party as a place to keep money safe until it is time for the money to be disbursed. In the home buying…

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  • Uncategorized

Mortgage Loan Estimates

  • Posted on August 23, 2019July 26, 2022
  • by BrightDime

When you apply for a mortgage it can be really hard to keep track of all of the different jargon and options (we have some help here.) Different lenders may…

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  • Uncategorized

Mortgage Pre-Approval: What It Means

  • Posted on August 23, 2019July 26, 2022
  • by BrightDime

Pre-approval. Mortgage pre-approval is a common first step to getting a mortgage, and shows sellers you’re serious about buying a home. You don’t have to have a specific home picked…

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