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The mortgage underwriter will look at many different factors when deciding whether or not someone gets a home loan. When you work with a mortgage broker, you get the assurance that any red flags are addressed before you submit your mortgage application.

A second mortgage can be arranged as a mortgage loan behind the first mortgage or as a Home Equity Line of Credit (HELOC.) You can get a conventional mortgage loan with at least a 20% equity in the property based on the appraised value.

Ultimately, the interest rate will affect the total amount of money you’ll have to pay back. In addition to interest rates, you’ll want to consider the length of time you plan to borrow the money.

Refinancing your mortgage is possible if you have at least a 20% equity in your home. A mortgage broker will be the best resource to calculate the breakeven interest rate for your interest rate.

Obtaining a debt consolidation mortgage loan is the most popular option with the lowest interest rate but it depends on your credit rating, your ability to repay the debt, and the available equity in your real estate property. Ask a mortgage broker for more options.

A mortgage pre-approval allows you to shop and compare for the best mortgage rate and terms. Read on to learn how to avoid costly mistakes made by blindly going house shopping and submitting offers that are declined by the banks.

A mortgage pre-approval allows you to shop and compare for the best mortgage rate and terms. You should always make sure that you know exactly the interest rate and monthly payments that you can afford.