Tag: Mortgage

Posted on 07/17/2023

How to Know if You're Eligible for a VA Loan

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Active Duty

Eligibility

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Posted on 08/22/2022

3 Reasons to refinance your home

At some point, numerous homeowners ask themselves, “Should I refinance my mortgage?” And while some offers of lower interest rates and saving money may seem like refinancing is your best option, consider your unique financial situation before deciding. You may be asking yourself, “where do I start in the process?” Here are three quick checklist items to help...

Home Finance

Home Loans

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Posted on 02/15/2021

How to Get Home Financing as a Freelancer

Photo by 200 Degrees via Pixabay The gig economy has exploded over the past decade. Today, around 36% of the US workforce is freelancing and many more or self-employed small business owners. While being your own boss does afford you great freedom to set your hours and often work where you want, you may face extra scrutiny when...

Mortgage

Financing

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Posted on 09/21/2020

Invest or Pay Down Your Mortgage Quicker - Which is Better?

Photo by Andrey_Popov via Shutterstock Often, when discussing ways to get out of debt, the subject of “mortgage versus investments” comes up. If you have a mortgage, your monthly budget likely revolves around paying it first, meaning investment ideas take a back seat. One way to free money up to invest is to pay off the mortgage, and...

Mortgage

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Posted on 07/27/2020

Financial Assistance Programs for Your New Home

Image by Tumisu from Pixabay If you’re in the market for a new home, chances are you’ve been evaluating your finances. As a first-time homebuyer, there are programs in place to help with the down payment. According to the December 2019 Realtor Index Confidence Survey, first-time homebuyers accounted for 31% of all sales, and 77% put down less...

Mortgage Assistance

Financing

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Posted on 11/25/2019

How Credit can Impact Your Mortgage Payments

Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...

Credit Score

Mortgage

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Posted on 11/04/2019

Strategies for Lowering Your Closing Costs

The closing cost is the last sum of money home buyers to pay after which there will be no further payment. The closing price can be surprisingly huge. This bill ranges from 3% to 6% of the mortgage. Do the math, and this means that the closing cost on a $300,000 home is around $9,000 to $18,000. It...

Homebuyers

Closing Costs

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Posted on 10/07/2019

Is A Seller-Financed Mortgage Right For You?

Photo by Charles Thompson via Pixabay A vast majority of homebuying transactions rely on the buyer qualifying for a mortgage through a bank. After all, most people don't have enough cash lying around to buy a home outright. Nowadays, you have more options with different types of lenders and alternative financing companies where you can seek pre-approval online....

Mortgage

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Posted on 07/22/2019

Dispelling Old Mortgage Myths

Myths are lies that are perceived to be true. Like every other industry in the world that has myths surrounding them, the real estate industry has its tales. People have ideas in their head about the mortgage industry that are not true. If you are buying a house and all you feel is happiness, then you might be...

Mortgage

Personal Finance

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Posted on 06/03/2019

Saving for a Down Payment

When considering becoming a homeowner, one of the decisions you can make that will be beneficial to you is to deposit a down payment. However, the question is how do save up that hefty down payment? One of the biggest roadblocks for prospective home buyers is securing a down payment. Fortunately, though, technology seems to be playing a...

Personal Finance

Mortgage

+ 1 more