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What Is a Mortgage Statement?

Mortgage loan statement with a white model house. The statement showing principal and interest ratio, represents concepts of homeownership, mortgage payments, and financial planning.

Understanding your mortgage statement can be a common challenge when navigating a new home purchase. This can make life for mortgage holders confusing and stressful. We want to help you feel clear and confident about your finances, which is the core of our mission at Mortgage Connection. Mortgage Statement Definition: A mortgage statement is a […]

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Can You Lock in a Variable Rate Mortgage?

A notepad with the words "variable rate mortgage" written on the page beside a drawing of a hand holding a small house

Key Takeaways Locking in a Variable Rate Mortgage Variable-rate mortgages can be appealing when interest rates are low because they can allow you to pay off your mortgage faster. You may choose a variable rate when renewing your mortgage or as a first-time buyer finding the right mortgage for you. Variable rates offer more flexibility […]

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Reverse Mortgage vs. HELOC: Key Differences Every Homeowner Should Know

An older adult cheerfully holding the keys to their home.

A reverse mortgage and home equity line of credit (HELOC) allow you to unlock the equity in your home, but choosing the right option matters. Each comes with its advantages and drawbacks. 

Reverse mortgages are ideal for older adults (55+) looking to supplement their income without monthly repayments. HELOCs cater to people seeking accessible, flexible funding. […]

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