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LoanCare, LLC

Welcome LoanCare, LLC Customers

Refinance

Abstract of Title

A summary of the property's title history. Based on information found in public records, it is used to list the property's transfers of ownership, and to determine if there are any liens or defects that must be cleared before the sale.

Balloon Mortgage

A short-term loan that is paid off through fixed monthly payments, followed by one large, final payment (the 'balloon') of the entire remaining loan balance. The balloon mortgage is amortized as though it were a long-term fixed rate loan, resulting in low monthly payments, but after a specified time period (usually five, seven or 10 years) the entire remaining balance is due and payable in full.

Should I Get Pre-Approved?

Getting pre-approved shows sellers that you are a serious buyer and that you have the financial means to purchase their home. It also gives you an idea of how much you can afford to spend, which can help you narrow down your search and avoid overpaying for a home.According to a recent study by the National Association of Realtors, 92% of home buyers who were pre-approved for a loan made an offer on a home within 30 days, compared to only 67% of those who were not pre-approved. Additionally,...

Decoding Mortgage Loan Types: A Comprehensive Guide

Are you looking to buy your next home or refinance your current mortgage, but feeling overwhelmed by the multitude of mortgage loan options out there? Don't worry, we've got you covered. Let's break down the most common types of mortgage loans, from conventional to VA and FHA, and weigh the pros and cons of each to help you make an informed decision.Comparing Loan Types by Investor1. Conventional LoansPros:- Flexible terms and down payment options- No upfront mortgage insurance...

10 Things to Know Before Refinancing Your Mortgage

Refinancing can be a significant financial decision, offering the opportunity to potentially save money, reduce payments, or even tap into home equity. However, before diving into the process, it’s crucial to understand various factors involved so you can make informed choices, determine which home solution best meets your needs, and maximize the potential benefits of refinancing your mortgage. Let’s explore ten key things you need to know.Your Financial Goals Should Be Clear To...