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5 Tax Mistakes New Homeowners Make » Mortgage Masters Group

 · They used an initial draw of $208,000 to pay off their outstanding mortgage, a home-equity loan, one year’s property tax and loan fees, freeing $21,000 a year formerly used to make mortgage payments for travel and indulgences such as paying for a granddaughter’s semester in.

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Mortgage refinancing allows a home owner to renegotiate a mortgage loan for a potentially better deal. Some refinancing is done to lower monthly payments, some to get a better rate and some to shorten the length of the loan. Each home owner has a specific reason to seek a

It is the only way to prove you will make those monthly payments. We know that things happen, and sometimes you have to take a leave of absence. But don’t risk it unless it’s completely necessary, or unless you are prepared for your mortgage to get delayed or denied. Applying For New Lines of Credit

Bucket your income and expenses into different categories like Savings (retirement, emergency fund), Mortgage. make a master file in a hurry. Be thorough and take an extra day to complete it. Day.

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Indiana Mortgage and Home Loan Company. At Mortgage Masters we’re truly passionate about your Evansville and Bloomington Indiana Mortgage and home loan, reverse mortgages and refinancing, and the result is that nearly 100% of our business is by referral from satisfied clients and the most experienced realtors.

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 · 5 Reasons Not to Purchase Your Home With Cash. With enough cash to put down 20 percent on the home with a fixed-rate mortgage, you could keep a large portion of your liquid assets and pay 4.13 percent interest, plus the significant down payment would prevent you from paying private mortgage insurance.