Tag: Mortgage

Top Uses Of A HELOC

Top Uses Of A HELOC

July 5, 2018 |

Homeowners who have equity built up in their homes can tap into that equity using a home equity line of credit, or HELOC. This financial tool can be a great way to accomplish a number of financial goals.

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Seller-Paid Closing Costs In A Seller’s Market? Yes, It’s Still Possible

Seller-Paid Closing Costs In A Seller’s Market? Yes, It’s Still Possible

July 3, 2018 |

For first-time home buyers, closing costs are a major hurdle for home ownership. Coming up with a down payment and several thousand dollars for closing costs can be hard without home equity to tap.

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Understanding the Factors That Impact Your Credit Score

Understanding the Factors That Impact Your Credit Score

June 27, 2018 |

Most consumers believe if they pay their bills on time, they need not worry about their credit score. Oftentimes, it is a rude awakening when they apply for a mortgage loan, car loan, or any revolving credit to learn they are not going to get the lowest rates available due to their credit score. This is because paying bills on time only accounts for 35 percent of your credit score. The remaining 65 percent is spread out among other factors that impact your credit score.

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3 Programs That Allow You To Buy A Home With No Money Down In 2018

3 Programs That Allow You To Buy A Home With No Money Down In 2018

June 21, 2018 |

Home buyers are typically advised to put at least 20% down for a mortgage. Coming up with that amount can seem almost impossible if you have little to no money left over after paying bills each month.

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What You Need To Know About Short Sales

What You Need To Know About Short Sales

June 6, 2018 |

On the surface, a short sale seems like the perfect deal. However, before you take the plunge, you need to understand how this type of home purchase works.

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Pros And Cons Of Buying A Foreclosure

Pros And Cons Of Buying A Foreclosure

June 5, 2018 |

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale.

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How To Qualify For An FHA Loan

How To Qualify For An FHA Loan

June 1, 2018 |

Borrowers who cannot qualify for a conventional mortgage are often able to obtain an FHA loan. However, to secure this type of loan, you must still meet certain requirements.

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Understanding Your Debt To Income Ratio

Understanding Your Debt To Income Ratio

May 31, 2018 |

When you are filling out a mortgage application, the lender will be asking you for specific financial information. One of the reasons they ask for this information is to enable the underwriter to calculate your debt to income ratio.

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What You Need To Know About Your Home Appraisal And Your Mortgage

What You Need To Know About Your Home Appraisal And Your Mortgage

May 24, 2018 |

When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted.

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Important Reasons A Renter Should Not Pay Your Mortgage Payment

Important Reasons A Renter Should Not Pay Your Mortgage Payment

May 18, 2018 |

When it comes to a property that’s been financed with a mortgage, homeowners can experience the need or desire to live elsewhere from time to time. Renting may be considered as a way to recover some of their costs when they are not using their home.

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