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31

First Time Homebuyers: Questions We All Have

There are few things more exciting than exploring the world of homeownership. Perhaps after months of binge watching HGTV and swiping through listings on Zillow, you’re ready to make the leap. But the ins and outs of buying a home can be overwhelming, so it’s important to fully understand the home buying process, especially if […]

32

Can I Buy a House Without Putting 20 Percent Down?

If you’re thinking about buying a home but concerned that you can’t meet the minimum down payment requirements, there is good news. Yes, there are lower down payment options than the standard 20 percent. While a 20 percent down payment has traditionally been the standard for new homebuyers, times have changed. These days, mortgage lenders […]

33

Is a Reverse Mortgage Right For You?

If the word “retirement” resonates with you, you’re not alone. Retirees are enjoying long-awaited travel pursuits, moves to places they’ve been dreaming of and finally being able to check things off their bucket lists. Some of them are paying for these endeavors by taking out a reverse mortgage, which allows certain homeowners to tap into […]

34

What is Private Mortgage Insurance (PMI) and Why is it Required?

You’ve searched and finally found a home to buy. But now, your lender throws you a curveball and requires that you pay for Private Mortgage Insurance (PMI). So, what is PMI exactly? Private mortgage insurance (PMI) protects the lender financially if you stop making payments and default on your home loan. The insurance may be […]

35

Common Real Estate Scams And How To Avoid Them

Identity theft. Cybercrimes. Hacking. Phishing. We’ve all heard horror stories of how scammers use these tactics to take advantage of unsuspecting individuals. But they don’t stop there. Real estate transactions are one of the most common areas that criminals target. Why? Because there are large sums of money involved, usually hundreds of thousands of dollars. […]

36

The Lowdown on Conventional Mortgage Loans

Conventional mortgages make up most of all home loans in the U.S., and it’s the one most borrowers think of when they think of mortgages. It’s what you might think of as a traditional, garden-variety mortgage, but that doesn’t mean it doesn’t have its strengths – there are a lot of benefits to this type […]

37

How Credit Affects Mortgage Rates

Let’s give credit where it’s due – to you. You’re here because you’re looking into how your credit score affects your ability to buy or refinance a home and to understand how your credit can impact the rates you’re offered. You likely know that your credit score matters and it is one of the primary […]

39

Is “For Sale By Owner” The Right Move For You?

You watched the tutorials, learned the ins-and-outs, and you DIYed that kitchen reno, so why not DIY selling your house too? If you like to have your hand on the wheel in negotiations and are a quick study, For Sale by Owner (FSBO) may be for you. But curiosity and confidence are only half the […]

40

How to Prepare Your Home for An Appraisal

We’ve all heard the expression about accepting the things you cannot change. Luckily, your home appraisal is not one of them. It’s true that you can’t change your neighborhood and the value of other homes in your community, but there are things you can change – and do – to prepare your home for the […]

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