Preparing Yourself Financially Before Applying For a Home Loan

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Preparing Yourself Financially Before Applying For a Home Loan

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It is important to be prepared for the many milestones that occur throughout your lifetime. Whether it is taking the training wheels off your first bike, proposing to the love of your life, planning for your wedding day, or applying for your first mortgage, you will want to ensure that you are financially equipped to…

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8 Things First-Time Homebuyers Should Know About Homeowners Insurance

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Are you interested in buying a home and wondering if it is necessary to have a homeowners insurance policy? Your home will likely be one of your most valuable assets, and homeowners insurance will help cover you financially from expensive damages and repairs, so it is definitely in your best interest to obtain this added…

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Using Your 401K For a Down Payment

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Buying a home is an investment that comes with several financial responsibilities. One major concern for potential homebuyers is how they will be able to afford the cost of the down payment. One possible way to help finance the price of the down payment is utilizing funds from your 401K plan if your employer offers…

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Using Your Current Property To Earn Extra Money

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Are you a homeowner interested in moving to a different home, in earning some extra income through real estate, or having difficulty selling your current home? If so, you may want to consider turning your current home into a rental property. If you are interested in learning more about your options as a homeowner in…

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How To Determine the Amount of Mortgage You Can Afford

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Buying your own home is an exciting endeavor, however it does come at an expensive cost. When you begin the initial steps to buy a home, you will need to determine the amount of mortgage that you will need in order to pay for the home, and its cost is based on several factors. If…

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Buying a Home When You Have Student Loan Debt

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Are you interested in buying a home, but worried that you may not be able to afford it because you also owe money on student loans? Student loan payments were deferred for most borrowers during the pandemic, however, they are scheduled to become due again in a few months. Although student loan debt does significantly…

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Purchasing a Home With a Reverse Mortgage

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If you are a senior citizen who is interested in buying a new property, you may be able to convert the equity from your current home to help you finance a new home with no additional mortgage fees. A reverse mortgage for purchase is one type of financing option that allows a borrower meeting specific…

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The Impact of Rising Interest Rates

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The Federal Reserve approved an increase in interest rates recently in an attempt to subdue inflation, and plans to implement more interest increases in the coming months to help maintain the growth of the economy. Many people are concerned about how these interest hikes will influence the housing market and subsequent housing prices. If you…

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What Is Private Mortgage Insurance?

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Becoming a homeowner comes with several expenses, and sometimes it can be complicated to understand the different payments you will be required to make when financing your home. One cost that you will more than likely be responsible for paying is private mortgage insurance, especially if you are planning on using a conventional loan to…

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Get a Better Mortgage Rate or Term by Refinancing

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Do you own your own home and are wondering how you can improve your financial situation? When you take out a mortgage to finance your property, it is a major financial commitment, but fortunately, your original loan terms do not have to remain permanent if you refinance your mortgage. Refinancing your mortgage with either a…

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