Cash loans go by many different names, including payday loans. People turn to them for numerous reasons, and you might also be considering one. But you might wonder if a cash loan is a good idea. If you need to borrow cash and are considering applying for a cash loan, you might want to learn a few details about these loans. Learning some vital information about cash loans can help you decide if they're a good idea for your situation.
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3 Things You May Not Know About VA Loan
Do you want to use a VA loan to purchase your next home, and do you have some questions about doing so? If so, it will help to know the following things about VA loans that you may not be aware of.
You Can Own Multiple Homes Using VA Loans
One misconception about VA loans is that you can only have one VA loan at a time. That is not necessarily true, since there are ways to get around the issue.
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Mortgage Basics | Fixed Rate Mortgage
When shopping for a mortgage, one of the most important decisions you will make is what type of mortgage to get. Here's what you need to know about a fixed-rate mortgage to make an informed decision.
What is a fixed-rate mortgage?
Investopedia describes a fixed rate mortgage as "a home loan with a fixed interest rate for the entire term of the loan." In other words, your monthly payment will stay the same, even if interest rates rise or fall.
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Should You Refinance Your Mortgage?
Are you considering refinancing your home, but not sure if it's the right choice? If so, it will help to know some pros and cons of refinancing so that you can make an informed decision.
Reasons To Refinance
In general, you are going to want to refinance when there is a financial advantage to do so. Some people view this as lowering the monthly payment that they make each month, even if it means paying more money over the lifespan of the loan.
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