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Smart Borrower Articles
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Ask an expert: Refinancing a jumbo loan
Q: I understand lenders charge lower rates for "conforming" mortgages than they do for "jumbo" mortgages. When are mortgages considered jumbo? And is it a good idea to refinance an old jumbo loan if it would now qualify as conforming? |
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Qualifying for a home equity loan
Q: Is it possible to get a home equity loan before completing an addition to a home? (We are adding a level to a ranch but need some more funds to complete the job.) |
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