Category: Mortgage Information Center

Why Do People Stage Homes To Sell?

Why Do People Stage Homes To Sell?

August 2, 2019 |

If you’re selling your home, your real estate agent has likely advised you to stage your home to sell. But why exactly do people stage homes to sell? Some people go to great lengths to stage their home too, even going so far as moving possessions into storage units or renting furnishings!

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Case-Shiller: Home Prices Growth Slows in March

Case-Shiller: Home Prices Growth Slows in March

August 1, 2019 |

Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller’s National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April’s year-over-year reading of 3.50 percent.

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What Is Eminent Domain?

What Is Eminent Domain?

July 31, 2019 |

Eminent domain is a law that gives the federal, state, county, and municipal governments in the United States the legal right to “condemn” property and then seize it to allow its use for development. Eminent domain is supposed to be used by the government at the various levels to do things for the public benefit, such as to build new roads or construct new public schools.

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The Community Reinvestment Act Explained In Simple Terms

The Community Reinvestment Act Explained In Simple Terms

July 30, 2019 |

The federal government adopted the Housing and Community Development Act in 1977, and the Community Reinvestment Act (CRA) portion was designed to prompt lending institutions to provide mortgages for low- and moderate-income Americans. The underlying reasoning for the CRA was to discourage discriminatory lending practices that inhibited low-income communities and neighborhoods.

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What’s Ahead For Mortgage Rates This Week – July 29th, 2019

What’s Ahead For Mortgage Rates This Week – July 29th, 2019

July 29, 2019 |

Last week’s economic reports included readings on sales of new and pre-owned homes and weekly reports on mortgage rates and first-time jobless claims.

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Innovative Home Security Technology

Innovative Home Security Technology

July 26, 2019 |

For market value and the comfort of a home’s occupants, home security is just as important as energy-efficiency. Innovation in smart home technology focuses on both of these areas.

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WTH is a Credit Score?

WTH is a Credit Score?

July 25, 2019 |

Do you really know what a credit score is? And how to “get” one? Your questions answered!

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What Is A 1031 Tax Exchange?

What Is A 1031 Tax Exchange?

July 23, 2019 |

A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a “like-kind” property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property for acquisition and then close the purchase transaction to complete the 1031 exchange within 180 calendar days.

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4 Times When Laminate Flooring Is Better Than Hardwood

4 Times When Laminate Flooring Is Better Than Hardwood

July 12, 2019 |

Hardwood flooring is considered a premium flooring material. It’s natural, long-lasting, durable and comes in a wide assortment of colors, wood, stains and plank widths. But hardwood flooring isn’t always the best choice. If you’re looking at homes to buy and eliminating the ones with laminate flooring, you could be overlooking some important considerations.

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Rent-To-Own Opportunities For Those With Bad Credit

Rent-To-Own Opportunities For Those With Bad Credit

July 9, 2019 |

For those who have less than a stellar credit history; yet, who still want to have their own home, a rent-to-own option is worth considering. A rent-to-own (RTO) agreement is a hybrid between buying a home and renting a home.

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