Southbridge Mortgage, Refinance, and Home Equity Advice

Today, November 27, 2009

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Why you need pre-approval letter

"Trust but verify" was a popular expression in the Cold War, conveying the need to hold nations true to claims about their own nuclear arsenals. The same principle applies to you as a home buyer when you make claims about your ability to buy. To verify your...

By Trulia Staff | 1 Comment

What is a reverse loan?

After paying to live in your home for years, wouldn't it be nice if the home started paying you? Reverse mortgages enable homeowners 62 and older to convert part of their home equity into tax-free income. The lender provides income to the homeowner in one...

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Home equity loans: the types, pros, and cons

A home equity loan uses a borrowers "equity" in a home as collateral. The term generally refers to a loan taken out after the home has been owned for a while. The owner signs a mortgage, pledges his home as collateral, and walks away with a check. But technically,...

By Trulia Staff | 1 Comment

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