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What are the Major Costs of Owning a Home?

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Buying a home means more than making sure you can pay the mortgage payment. There are many costs you must consider before you purchase a home. Talking with the current owners can help give you an idea of the average cost of a particular home, but we will discuss in general the factors you should … Continue about What are the Major Costs of Owning a Home?

Buying a Home

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What are the Major Costs of Owning a Home?

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Buying a home means more than making sure you can pay the mortgage payment. There are many costs you must consider before you purchase a home. Talking with the current owners can help give you an idea of the average cost of a particular home, but we will discuss in general the factors you should […]

Is the Home Sale Price a Public Record?

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The home sale price of various homes can give you a lot of information. Whether you are in the market to buy in the area or you want to know the value in your current area, finding out home sales prices can be a valuable resource. Looking for Current Mortgage Interest Rates? Click Here. Luckily, […]

Is it Wise to Use a 401K to Pay Off Your Mortgage?

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You want to get out of debt, including your mortgage, so you think it may be a good idea to use your 401K savings. While we are all for consumers getting out of debt, the one time we wouldn’t recommend that you pay off your mortgage is if you have to use your retirement funds […]

Everything You Need to Know About FHA Renovation Loan Process

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The 203K loan process is a bit more detailed than any other loan process, but with the right precision, you can get this type of loan to help you purchase and fix up a home. 203K loans are backed by the FHA, so they have many of the same guidelines as FHA loans. Where the […]

Negotiating Strategies When Buying a FSBO Home

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Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real estate agent, the seller comes out the winner on this one. So does it make sense […]

Refinancing Your Second Mortgage

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Refinancing becomes a little more complicated when you have a second mortgage. With just a first mortgage, you pay off the first mortgage and take on a new one. It is not that simple when you have a 2nd mortgage there. That second mortgage actually takes first lien position when you pay off your first […]

Is Rent-to-Own a Good Idea for First-Time Homebuyers ?

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Rent-to-own has become a popular way to buy a home in recent years. After the housing crisis, many consumers left with damaged credit. Unable to secure a mortgage approval, they were stuck renting. Many renters, however, got smart and signed an agreement to buy the home after a specific period of renting. Three years was […]

Buying a Condo with VA Financing

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Many veterans opt for purchasing a condo when they first use their VA benefits because of the convenience and affordability of this type of housing. Condos often have more benefits for those just starting out and luckily enough, the VA offers the same benefits on condos as it does single family houses. This gives veterans […]

How Do Credit Look-ups Affect Your FICO Score?

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Your FICO score determines your eligibility for a loan. Certain things like late payments or overextending your credit obviously hurt your score. What about credit look-ups? Do they hurt your score? You might be surprised to learn the truth – it’s probably not as bad as you think. Defining a Credit Look-Up First, let’s look […]

How to Budget for a New Home Purchase

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Buying a home is exciting. It’s also overwhelming. Budgeting for the purchase means not only the sales price, but well beyond that. If you focus only on your down payment, you may end up underwater right away. Here we discuss the common and most overlooked expenses your budget must include. This way you can properly […]