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Carrington Mortgage Services, LLC Learning Center

Bathrooms on a Budget

If kitchens are the most popular area for a home remodeling project, bathrooms are not far behind. But just like kitchens, remodeling a bathroom can often cost a shiny penny. According to their 2019 annual report, Cost vs. Value estimates that a midrange bathroom remodel can run about $20,000, while an upscale one can average as much as $64,000.

Not every homeowner is prepared to invest that kind of money into their bathroom, so we thought we’d share a few ways you could make small upgrades to your bathroom, creating that feeling of luxury, warmth, and comfort we all appreciate in one of our favorite rooms.

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What Is a Payoff Request?

There are occasions when a mortgage loan borrower may wish to pay off their existing loan early. It could be that the borrower is refinancing their home or seeking to consolidate debt. Whatever the reason, their current loan must be paid off first before a new one can be issued. And in order for a borrower to know the exact amount they owe on their loan, they generally have to submit a payoff request to their lender. 

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An Overview of an Escrow Account

Buying a house can be a confusing and complicated process, especially for first-time buyers. So many unfamiliar terms, practices, and procedures; so many rules and regulations to follow. Of course, it’s all worth it in the end, when you finally get the keys to your new home and take possession of it, but in between, the process can seem full of convoluted twists and turns.

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Tips on Improving Your Credit Score

Lenders use many factors to evaluate a customer’s loan application, and credit scores are one important factor. Based on the information in your credit report, a credit score is generated. The better your credit is, the more likely it is you will be approved for a loan, at the best possible interest rate the lender has to offer.

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