Understanding Warrantable vs. Non-Warrantable When Purchasing a Condo

July 16, 2024

When you’re shopping for a condo, there’s a bit more on your plate than just the typical homebuying concerns like credit scores, interest rates, and loan programs. A crucial aspect is understanding the role of the Homeowners’ Association (HOA) and whether the condo is warrantable or non-warrantable. This distinction can significantly impact your mortgage process […]

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What’s Ahead For Mortgage Rates This Week – July 14th, 2024

July 15, 2024

With lofty expectations, the CPI delivered a lower-than-expected inflation increase, leading to a positive uptake across many lending partners and markets. However, the PPI was on the opposite end of that, with a higher-than-expected inflation rate increase, muting the positive response from the CPI data release. The outlook for a rate cut this year has […]

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The Difference Between Pending And Contingent Deals

July 12, 2024

The real estate market can be a bit confusing, especially when you encounter terms like “pending” and “contingent” deals. Understanding these terms is crucial whether you’re a buyer or a seller, as they can significantly impact the progression of a property transaction. What Is a Contingent Deal? A contingent deal occurs when a seller has […]

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House Hacking Pros And Cons Explained

July 11, 2024

Have you ever heard of house hacking? It’s a real estate strategy that allows you to live in a property while renting out part of it to generate income. This approach helps offset your living expenses and can even pave the way to financial independence. Here’s a breakdown of what house hacking entails, along with […]

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Preparing for a Mortgage? 5 Ways to Build Credit Without Credit a History

July 10, 2024

Building a credit profile from scratch can be a daunting task, especially for those who have no credit history. These individuals, often referred to as having a “thin credit file,” face challenges in securing loans, credit cards, or even mortgages. Interestingly, having no credit at all can sometimes be more problematic than having a poor […]

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Green Mortgages Financing Energy Efficient Homes

July 9, 2024

What is a Green Mortgage? A green mortgage is a type of home loan designed to incentivize energy-efficient building practices. These mortgages are specifically tailored for properties that meet certain environmental standards, encouraging homeowners and buyers to consider energy efficiency as a key factor in their purchasing decisions. Benefits of Green Mortgages Lower Energy Bills […]

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What’s Ahead For Mortgage Rates This Week – July 8th, 2024

July 8, 2024

With the FOMC Minutes coming precisely within expectations, there is once again a lot of optimism that the Federal Reserve may cut rates this year. Much of the Q2 data reports show favorable amounts of reduction in inflation as well as a more stable economic outlook for the rest of the year. With the larger […]

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The Pros and Cons of Mortgage Life Insurance

July 5, 2024

Mortgage life insurance is a type of policy designed to pay off your mortgage in the event of your death. As with any financial product, it has its pros and cons. Understanding these can help you determine whether it makes sense for your situation. What is Mortgage Life Insurance? Mortgage life insurance, sometimes called mortgage […]

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Celebrating Independence Day: More Than Just Fireworks and BBQs

July 4, 2024

While fireworks, barbecues, and parades are fundamental to our 4th of July celebrations, the spirit of Independence Day runs much deeper. It’s a time to honor our history, recognize our freedoms, and celebrate the unity that defines us as a nation. A History Worth Remembering On July 4, 1776, the Continental Congress adopted the Declaration […]

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How to Read Your Mortgage Statement: What to Look For and How to Ensure Its Accuracy

July 3, 2024

Your mortgage statement is an important document that provides detailed information about your home loan. Understanding it can help you manage your mortgage more effectively, identify potential issues early, and ensure you’re on track with your payments. Here is a list to help guide you when reading your mortgage statement, what to look for, and […]

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