The latest posts and resources from the Loan Cabin Team

Is it possible to buy a house with bad credit?

Is it Possible to Buy a House with Bad Credit?

Worried that your credit score could keep you from buying a home? If so, you’re not the only one. But here’s some good news: having bad credit doesn’t mean owning a home is out of …

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15-year vs 30-year mortgage

15-Year vs 30-Year Mortgage: Which Option is Best for You?

When buying a home, choosing the right mortgage term is a decision that can significantly shape your financial future. It’s not just a matter of numbers – it’s about finding a balance that works for …

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how to buy a second home

How Do You Buy A Second Home When You Already Own One?

Have you ever thought about buying a second house while still paying off your first? This idea might sound complicated, especially if you’re not familiar with how real estate works. But it’s actually a path …

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Real Estate Market in 2023

U.S. Real Estate Market in 2023: 60 Vital Statistics You Need to Know

In the intricate framework of the U.S. economy, real estate represents not just transactions but the embodiment of American aspirations. Spanning from the tranquil suburbs of the Midwest to the bustling high-rises of New York …

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mortgage refinancing

How Much Does Mortgage Refinancing Cost: Everything You Need to Know

The decision to refinance your mortgage comes with its fair share of headaches, mainly due to the array of costs involved. This guide will hopefully alleviate that stress by shedding light on the intricate components …

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reverse mortgage

Unlocking the Value of Your Home: A Guide to Understanding Reverse Mortgages

Homeownership is a cornerstone of the American Dream, and for many, it represents one of their most significant assets. Over time, as homeowners age, they might find themselves rich in assets but constrained in liquidity.  …

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mortgage rates 2023

The 3 Most Important Factors Affecting Mortgage Rates in 2023

Whether you’re an investor, a current homeowner, or someone considering entering the housing market, mortgage rates are likely a topic of great interest to you. In 2023, these rates are influenced by a variety of …

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construction loans

How Do Construction Loans Work?

Building a home is an exciting project, full of possibilities and personal touches. However, most people require a construction loan before diving into this dream project. It’s worth noting that these loans aren’t quite like …

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Closing costs

How Much Are Closing Costs When Purchasing a Home?

Embarking on the journey to homeownership is a profound experience. For many, it’s not just about buying a house—it’s about fulfilling a dream, planting roots, and establishing a sense of belonging. As you visualize unlocking …

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Mortgage rates

When Will Mortgage Rates Go Down? August 2023 Analysis

Mortgage rates in August 2023 have not just inched up — they’ve catapulted to peaks that the U.S. hasn’t grappled with in over twenty years. Such unprecedented shifts naturally brew unease.  Whether you’re a hopeful …

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how to calculate mortgage payment

How to Calculate Your Mortgage Payment: A Detailed Guide for New, Seasoned and Potential Homeowners

Navigating the world of mortgages might seem like struggling to find your way through a maze. Still, it’s crucial to grasp its various aspects – from calculating monthly payments to understanding different mortgage types. This …

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interest-only mortgages

Interest-Only Mortgages: Benefits, Risks, and Alternatives

In the vast landscape of home financing, interest-only mortgages stand out as a unique option that offers immediate financial relief but demands careful consideration. While they might seem attractive due to their lower initial payments, …

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