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Caroline’s Journey to Financial Freedom

There is no better feeling than receiving valued feedback from people we have helped. Our goal at NSW Mortgage Corp is to not only provide access to the most competitive loan products on the market. We are committed to providing the highest possible level of customer service. Our mission is to help improve your financial health. Caroline arrived at NSW Mortgage Corp with a goal of getting back on track. We received this heartwarming message.   “Hi Emily, Amelia, Scotty, and Chloe  I have been trying to write this for days and work is just crazy at the moment. We’re […]

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Refinance vs second mortgage: Which one is good for you?

When shopping for a mortgage lender, it is important to know which loan product would best fit your borrowing needs. Here are tips to help you weigh refinance vs second mortgage and how your choice can make a difference in your finances. Situation A: Refinance You can refinance your existing mortgage and take cash out. If you home has an appraised value of $300,000 and you still have an outstanding balance of $200,000, it means your equity is only $100,000. You can refinance your loan and take out $100,000 to pay for your urgent expenses. Your new loan is now $300,000. Situation […]

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Why Use Personal Loans For Home Improvement

Is it financially wiser to take out personal loans for huge home improvement projects than refinancing it? No. But, if you are not planning to get a mortgage or refinance, a personal loan is a much better option than credit cards and business loans. Here are the top reasons why you should consider a personal loan next time you need to borrow money for home renovations or other minor expenses. We will also tell you how to make smart choices when taking out a substitute for home refinancing. Collateral It is unsecured, so there is no need for collateral. If […]

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4 Reasons to Get a Home Loan with Bad Credit

It’s Christmas Eve, and bad credit should not stop anyone from getting a refinance or second mortgage. In fact it is a good reason to get one. The fear of paying very high interests is one of the reasons borrowers dodge the idea of getting a home loan. Those who have gone through a foreclosure or bankruptcy are one of those people who think that a tanked credit will make them pay more than a borrower who has a stellar credit, but that’s not really true. Here are some of the most practical reasons why a borrower with a dismal […]

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How Refinance Can Save A Homeowner’s Money

Why inadvertently pay thousands and thousands of dollars on a mortgage when you can save money by choosing the proper time to refinance your loan? Here’s how it works: Lower interest rate Refinancing makes financial sense, as the new loan may result in at least a 1 percent decrease in your interest rate. If you are currently paying a mortgage with an 8 percent interest rate, and you found a new mortgage with an interest rate of 6 percent, you’ll be saving 2 percent! Let’s say, your current mortgage is $100,000 with an APR of 8 percent per annum, payable […]

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Signs of Predatory Bad Credit Loans

Would you pay extra fees for an expensive loan that does not offer you any financial benefit? That’s how predatory bad credit loans work. They will deceive you into signing loans with hidden costs and terms that may cost you more than what you can afford to pay which could lead to foreclosure. If you’re looking for bad credit loans, here are signs of predatory lending which you need to know. Very high or very low mortgage loan amount How much is the amount of money that you intend to borrow? If you’re a first time home buyer the amount […]

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How To Satisfy Credit Judgements Without Going Bankrupt

Learn a few short tips on managing your finances, especially when you are in the process of satisfying credit judgements. Here are five financial tips for judgement debtors: 1. Establish SMART Goals Setting a goal isn’t as easy as planning out a trip for the weekend. You set the place, the time, drive, and then, done. In order to achieve a goal, you must learn how to set it properly. Goal setting is the process of making an action plan to motivate yourself to pursue your goal. It consists of criteria or set of rules that will serve as your […]

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Tips when Applying for Personal Loans to Pay-Off Home Arrears

It is obvious that personal loans come with high interests because of the risks that lenders take in lending unsecured loans. Learn how to minimize the cost of the loan and get the best deals possible by following the tips below. Make sure that you transact with legitimate and reputable financing company When applying for a home loan to pay your defaults on home loans, it is advisable to do some research about your lender. There are unscrupulous loan sharks out there who are waiting to lend you a huge amount of money in exchange of very high interest rates […]

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Second Mortgage: Alternative to Bankruptcy

Many borrowers think that bankruptcy is a practical option to solve their debt problems. But, the truth is that second mortgage is an affordable and practical alternative to bankruptcy that would help you reduce your debts without going to court. Why take a second mortgage When you are faced with multiple debts and you no longer have enough money to pay for them all, and creditors as well as credit collectors are knocking at your doorstep, use your house as a shield. Obtain a second mortgage to consolidate your debts. It is an easy way to pay off debts and […]

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Facts About Personal Loans That Home Owners Should Know

Understand how personal loans help home owners meet their needs, and the special precautions one must take when getting a loan. A personal loan is a reliable financial resource during emergencies Why people are interested in taking a personal loan? In these trying times, a person may face situations that require quick access to cash. People usually consider using their line of credit, credit cards or taking up personal loans from their banks. But, for credit card holders–your needs may exceed your credit limit. Mainstream lenders are stricter than ever when evaluating a person’s loan application. Plus, you need to […]

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