Author: admin
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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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Ultimate Guide to Construction Loan Rates 2024
Finding the right loan for building your dream home can be tough. Did you know construction loan rates differ greatly from traditional mortgage rates? Thinking about getting a construction loan? This article will guide you through understanding loan rates and how to get the best ones in 2024. Let’s dive in. Key Takeaways Construction loan…
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Additional Borrowing on Mortgage
Everything You Need To Know Finding ways to manage your finances smarter is a common challenge we all face. One under-the-radar option you might not have considered is additional borrowing on your mortgage. If you’re in need of some extra cash and are applying for a mortgage, you’re in the right place. This blog will…
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How to Find Assumable Mortgages
Buying a home can be tough, and finding the right mortgage can be even harder. Assumable mortgages might be your golden ticket to your first dream home. Keep reading to learn more about how to find an assumable mortgage and make the buying process smoother and possibly cheaper. Key Takeaways Check with lenders or loan…
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What Is an Escalation Clause in Real Estate?
Finding the right home can feel like a battle. Guess what? An escalation clause might be the secret weapon that leads you to the promised land. This blog will guide you through how an escalation clause can elevate your offer and accelerate your journey to homeownership. Key Takeaways An escalation clause automatically raises your offer…
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Short Sale vs. Foreclosure: A Buyer’s Guide
Looking for a great deal on your journey to homeownership? A short sale or foreclosure could be a good option. However, deciding between a short sale and foreclosure can be confusing. But one thing holds true: both options can lead to great deals on properties. This guide will explain the differences and help you choose…
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How to Prequalify for a VA Loan
Basic Steps and What to Expect Buying a home can be tough, especially for those who served in the military. A VA loan could be your answer. If you’re thinking about buying a home using a VA loan, you should strongly consider seeing if you prequalify for one Keep reading to learn precisely how to…
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Low-Income Loans: What They Are and Where to Get One
Finding the right loan can be tough if you’re not stacking cash. Low-income loans exist to help people in this situation. If you’re looking to learn more about how to get a loan when you’re not making a ton of money, you’ve come to the right place. This article will guide you through what they…
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Buydown Mortgage: A Way to Reduce Interest Rates
In an era of high interest rates, you might feel that buying a home is out of reach. Good news: A buydown mortgage could be the key to lower payments. This article explores how reducing your interest rate upfront can save you money and make homeownership more accessible. Keep reading to learn if this option…