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10 Common Mortgage Myths and How to Identify Them

10 common mortgage myths - Option Funding, Inc.

Mortgage myths can make the home-buying process confusing — especially for those who are going through it for the first time.   What should you look for in a mortgage? How do you know if you have a good interest rate? How much down payment do you need?    One quick Google search for the…

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Adjustable-Rate Mortgage: Everything You Need to Know

Adjustable-Rate Mortgage - Option Funding, Inc.

Many people find the home of their dreams and want to rush through the process of taking out a mortgage as quickly as possible. However, you never want to agree to a mortgage without fully understanding the terms of the loan. Otherwise, you could end up with some surprises down the road.    Both fixed-rate…

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What Happens to a Mortgage in a Divorce

what happens to a mortgage in a divorce - option funding, inc.

Wedding days are magical moments shared between a happy couple who vow to be together for better or for worse. They start a family, buy a home with a white picket fence, and live happily ever after.  Unfortunately, despite the best intentions, life does not always work this way for everyone.  Nobody ever kicks off…

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What is a Mortgage Note?

What is a mortgage note - Option Funding, Inc.

Whether commercial or residential, unless you are paying cash when you purchase a piece of property, you will likely take out a mortgage. This is a loan from your chosen lender that is secured by the real estate you are investing in.  At your closing, the document you sign agreeing to these terms is referred…

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Co-Signing a Mortgage for Your Child: What You Need to Know

Senior Woman Co-Signing a Mortgage for Her Child - Option Funding Inc.

As a parent, one of the most rewarding experiences is helping your child achieve their goals, especially when it comes to buying their first home. However, the process of buying a home can be daunting, especially for first-time buyers. As a parent, you can play a crucial role in helping your child buy a home…

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Shopping for Mortgages in the New Year

Shopping for mortgages in the New Year

The housing market changes so quickly, from one season to the next. For the majority of last year, most communities around the country found that sellers had the upper hand in real estate transactions. Multiple homebuyers were trying to buy up property – increasing offers and making concessions at every turn. Some even went way…

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