I just read an article on Reuters news network about mortgage lenders stiffening their qualification standards. In fact, a current drop in home sales is being partly attributed to new / tougher qualification standards imposed my mortgage lenders.
What’s the reason for all this?
Well, it goes back a few years actually. You see, many mortgage lenders [...]
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What is a debt consolidation refinance? Basically, it’s when you refinance your mortgage loan while also consolidating other forms of debt. In other words, the lender will refinance your mortgage while also paying off other debts (by making them part of the new mortgage payment).
The benefits of a debt consolidation refinance can be twofold. First, [...]
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