Using Your 401K For a Down Payment


Using Your 401K For a Down Payment


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


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


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


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


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?


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


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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What Are Mortgage Insurance Premiums?


Are you interested in buying a home, but worried that you cannot afford a 20% down payment? There are still financing options available to homebuyers who make a down payment of less than 20%, but it is important to understand that you will be required to pay mortgage insurance in this case. If you are…

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Refinance Your Current Commercial Loan


Do you own a commercial property or a small business, and interested in getting a better rate or term on your current loan? A commercial loan refinance could help you both increase the equity of your property and help you save money. Foundation Mortgage can help you determine the best refinancing option for your situation…

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Foundation Mortgage
2160 Lakeside Centre Way
Suite 100
Knoxville, TN 37922

(865) 392-5450

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