Author: admin
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What Is A Mortgage Statement?
All you need to know is in our guide below! Are you puzzled by your mortgage statement? If so, you’re not alone. I remember the first time one showed up in my mailbox. It was intense and felt like a labyrinth I had to navigate. But take my word for it: A mortgage statement is…
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What is a mortgage?
Buying a home can feel overwhelming. Unless you have more money than you know what to do with, you’re going to need a mortgage. From the outset, mortgages can feel overwhelming. In this piece, we break down mortgages in easy terms, guiding you through the process. Key Takeaways A mortgage is a loan from a…
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What is a credit score?
If you’re thinking about buying a home, there’s no better time than now to start optimizing your credit score. Simply put, a credit score has a huge impact on how much home you can afford and how much interest you’ll expect to absorb over the life of your mortgage. Credit scores, which vary from 300…
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FHA Closing Costs: What to Expect
Unless your name is Jeff Bezos, Elon Musk, or even Trey Anastasio, getting into your dream home can be tough with all the costs involved. One key expense is the FHA closing costs, often overlooked by first-time homebuyers. If you’re thinking about buying a home with an FHA loan, you’re in the right place. This…
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A Guide to HELOC Requirements 2024
Are you eyeing that big renovation or wondering how to cover unexpected expenses with the equity in your home? Here’s a fact: A home equity line of credit, or HELOC, could be your financial lifesaver. This guide is packed with clear-cut information on HELOC requirements for 2024, helping you unlock the value of your house…
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7 Tips To Get A Lower Mortgage
Buying a home can be thrilling, but high mortgage rates may dampen your excitement. Every year, thousands search for ways to lower their housing costs. This article outlines seven savvy strategies that put you in control of your mortgage payments, making homeownership more affordable. Dive in and start saving! Key Takeaways Increase your down payment…
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What Does Pending Mean In Real Estate?
House hunting can be a puzzle — especially when you come across the term pending on a property listing. A pending status means an offer has been made and accepted, but the sale isn’t final yet. This blog will guide you through what ‘pending’ involves and how it differs from other real estate terms, helping…
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FHA Closing Costs: What They Are and How Much You’ll Pay
Buying a home is thrilling, but the hidden costs can be a headache. Every FHA loan comes with closing costs that buyers need to pay. In this piece, we break these down and offer tips on managing them — making your journey to homeownership smoother. Key Takeaways FHA closing costs range between 2% to 5%…
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What Is The Minimum Credit Score For VA Loan?
You’re eyeing a new home and the VA loan’s benefits have caught your interest. Surprisingly, the VA doesn’t set a minimum credit score for these loans, but lenders typically do. In this article, we’ll unwrap what that score might be and how you can work towards it to secure your dream home with a VA…
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7 Factors to Consider Before Buying an Apartment
Deciding to buy a property is a big leap and you might wonder if an apartment is the right choice for you. Every year, millions of people join the ranks of homeownership by purchasing apartments, with varying levels of satisfaction and success. This guide dives deep into the essential factors that will help make your…