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How Can I Tell If I Am Ready To Buy A Property? Buying a home is a major life milestone, as well as a significant way to begin building financial security because as you pay off your mortgage, your home builds more equity, offering homebuyers a valuable economic resource. With the ever-changing real estate market,…

Are you a homeowner and wondering how to improve your current financial circumstances? Taking out a home loan to help finance a property is a major economic commitment, luckily the terms of your loan do not have to be permanent if you refinance a mortgage. When you refinance your home loan with either a cash-out…

Are you interested in purchasing a property, but finding that you need some additional capital to help you cover the ever-increasing amount of the down payment or closing costs needed in today’s real estate market? One possible option to help a homebuyer out with these costs is using “gift money” if the borrower is fortunate…

Using Bridge Loans To Buy A Home Are you a homeowner interested in selling a property that you currently own and purchasing a different property, and want to know more about using the money from that sale to buy a new home? This type of situation can sometimes cause financial stress because of the sale…

Understanding FICO Credit Scores When Purchasing A Property When buying a property, your credit rating is a major factor that significantly impacts the amount of money that you will pay for your home loan. You will be able to obtain a better mortgage rate if your credit score is higher, and most credit ratings are…

Are you a homeowner who is currently interested in securing an extra source of income? There are some loan options available that can help a borrower access their home equity in exchange for credit or cash. One great option that lets you tap into your home equity is a home equity line of credit, or…

If you are a homeowner who used an FHA loan to help finance your purchase, you more than likely have been paying a mortgage insurance premium. If you are able to meet certain specifications, you might be able to eliminate these insurance payments and save a substantial amount of money. If you are a homeowner…

You have probably heard the term “flipping a home”, which basically is a process that involves purchasing a property that is in need of some repair, renovating or “fixing up” the home, and then selling it again for a profit. This type of investment can be a great way to earn a supplemental income, but…

If you are interested in applying for a home loan to help you finance the purchase of your property, some major factors that a mortgage lender will look at to determine your eligibility are your credit and your debt-to-income ratio, or DTI. Your DTI helps to show your likelihood of paying back the money that…

Do you currently build homes or are you someone interested in having your own home built by someone else? If so, a construction loan is a short term loan that may be used to assist in the building of a real estate project. If you are located near Knoxville, Maryville, Lenoir City, Oak Ridge, or…