EZ CREDIT FIX SITE
HELPING TO GET YOUR CREDIT REPAIRED
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HOME LOANS | |
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When getting a home loan do a 30 year fix rate loan. Then just pay extra every month toward the principal so you are paying it off faster. Just an extra $50 per month can knock off 5-10 years which could save you thousands of dollars over the life of the loan. By doing a 30 year loan instead of a 20 or 15 year, if something happens like a job loss or unexpected expenses it will be easier to make the smaller payment and not get behind. Stay away from the adjustable rate loans. If interest rates go up so does your payments, sometimes by hundreds of dollars! Try to have at least 20% down payment so you can stay away from getting PMI insurance, that will save you hundreds of dollars. I always like when the lender escrows the property taxes and insurance with the loan. That way you will have a fix amount every month. Just make sure you yearly check what the insurance company and taxes are costing you to make sure they are right. |
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