Category: Mortgage
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The Definitive First-Time Homebuyers Guide
How to close on your first property and accelerate your journey to financial freedom So, you’re thinking about buying a home for the first time. That’s great news! From increased financial security and tax benefits to having a permanent roof over your head and being part of a local community, there’s a lot to like…
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New partnership aimed to put more money in your pocket at closing
What would you do if you received a check for $5,000 or even $10,000 after you bought your first home or are relocating that never needs to be paid back? Here at HomeApproach, we’re all about helping people like you achieve homeownership. Since closing on a home can cost a pretty penny — particularly in…
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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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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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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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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 an FHA Construction Loan?
Building your dream home can seem daunting, especially when thinking about financing. Good news: An FHA construction loan offers a path to homeownership with unique advantages for those looking to build from scratch. This article will break down the ins and outs of this special loan type, making it easier for you to decide if…
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How Long Does A Mortgage Preapproval Last?
You’re ready to buy a home, but you’ve heard the clock ticking on your mortgage preapproval. Typically, these preapprovals are valid for 60 to 90 days. So, once you’re preapproved for a mortgage, you need to strike while the iron is hot. This blog will guide you through what a preapproval is, why it matters,…
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How Soon Can You Refinance A Mortgage?
Are you thinking about refinancing your mortgage but aren’t sure when the right time is? It’s possible to refinance quickly after closing on your home — sometimes as early as six months. This article will guide you through understanding when and how you can refinance your mortgage effectively and what factors to consider before taking…