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Entries Tagged as 'Home Mortgage Tips'

You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

October 24th, 2018 · Comments Off on You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

For many homeowners, their mortgage payment contains more than just principal and interest. A little something called PMI could be representing a significant portion of that payment, and it’s important for home buyers to understand this cost.

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Tags: Home Mortgage Tips

What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look

May 23rd, 2018 · Comments Off on What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look

Are you in the market for a new home? If you are considering a mortgage, you may be curious about mortgage insurance, commonly referred to as PMI or MI. Let’s explore the topic of mortgage insurance, including how it works to reduce risk and how it benefits you as the mortgage borrower.

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Tags: Home Mortgage Tips

Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice

March 1st, 2018 · Comments Off on Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice

Are you current or former member of the US military service who is looking to buy a new home? If so, you will be pleased to know that there are some special mortgage programs that are open to you. Let’s take a look at five reasons why a mortgage backed by the Department of Veterans Affairs is an excellent choice when buying your new home.

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Tags: Home Mortgage Tips

The 4-Step Financial Checkup to Get Ready for a Mortgage This Year

February 21st, 2018 · Comments Off on The 4-Step Financial Checkup to Get Ready for a Mortgage This Year

Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards building your net worth and financial freedom. However, it is also a significant transaction that will affect your finances for the foreseeable future. Let’s take a look at a quick four-step checklist that will help you to get ready to buy a home with a mortgage in 2018.

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Tags: Home Mortgage Tips

Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

February 2nd, 2018 · Comments Off on Renovating in 2018? Cash-out Mortgage Refinancing Might Be the Best Way to Fund It

If you are a homeowner thinking about a significant home renovation in 2018, you have probably already considered your budget. As with any large project, you need to have the ability to pay the expected costs plus have a little bit extra set aside, just in case.

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Tags: Home Mortgage Tips

3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

February 1st, 2018 · Comments Off on 3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth

Whether you have recently graduated from college or are getting close to retirement, it’s likely that you have given some thought as to how you can grow your net worth. You might have invested in stocks, picked up a few bonds or have a 401(k) plan set up to help fund your retirement. But have you considered buying real estate as part of your portfolio?

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Tags: Home Mortgage Tips

In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

January 31st, 2018 · Comments Off on In a Hurry to Buy a Home? Speed Your Mortgage Approval up by Following This Checklist

Have you finally found your dream home after months of searching, only to discover that the seller has received other offers? Few circumstances can raise your stress level as much as finding yourself in a bidding war against another buyer. However, being unprepared by not having your finances in order can make the situation even worse.

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Tags: Home Mortgage Tips

How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look

January 19th, 2018 · Comments Off on How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look

Are you thinking about buying a new house or apartment? If you are going to take out mortgage financing, one consideration you will have is your down payment, which is the amount you pay up front in cash to cover some of the purchase cost. Let’s consider a few points that will help you to decide how much is the right amount for your down payment.

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Tags: Home Mortgage Tips

On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

January 18th, 2018 · Comments Off on On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

Are you the type of person that struggles with remembering to pay their bills on time? You’re not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let’s take a quick look at how paying your monthly payments late can have a negative impact on your mortgage.

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Tags: Home Mortgage Tips

Buying a New Home in a Hot Real Estate Market? Here Are 4 Tips You Will Need to Be Successful

January 17th, 2018 · Comments Off on Buying a New Home in a Hot Real Estate Market? Here Are 4 Tips You Will Need to Be Successful

Are you in the market for a new house? In a buyer’s market, finding and closing on a beautiful home can seem very easy. However, if you are shopping when the market is hot, you may end up fighting bidding wars and losing your dream home to a competing buyer. Let’s take a look at four tips that you will need to be successful when house hunting in a hot local real estate market.

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Tags: Home Mortgage Tips