VA vs FHA vs USDA What’s the Difference?

April 7, 2021

You may have more options than you think when it comes to securing a mortgage for your new home. While many buyers opt for conventional financing, another option or program might be a better choice for you, depending on your personal and financial situation. Learning more about FHA, USDA, and VA loans ensures you get the best possible deal for your mortgage and that you secure the loan that you need for your new home. Here’s what you need to know about these useful mortgage options.

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Suffering from Credit Problems? Understanding Mortgage Lenders and How They Assess Your Credit

April 6, 2021

One of the most significant factors a mortgage lender will review when you apply for a new mortgage loan is your credit history and rating. While some people have stellar credit, others have a troubled credit history with lower scores. If you fall into the latter scenario, you may be wondering how lenders will assess your credit situation when you apply for a mortgage in the near future.

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What’s Ahead For Mortgage Rates This Week – April 5, 2021

April 5, 2021

Last week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment rate were published along with weekly readings on mortgage rates and jobless claims.

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How To Get A Mortgage If You Are A Gig Worker

April 2, 2021

Twenty years ago the economy was putting the dot-com bubble behind it, and people were buying homes. The high majority of folks worked for someone else; they received a paycheck, were given a W-2 from their employer, and filed their income tax returns accordingly.

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Case-Shiller: Phoenix Home Prices Hot, Hotter, and Hottest

April 1, 2021

The S&P Case-Shiller National Home Price Index posted its highest gain in nearly 15 years with a year-over-year home price growth rate of 11.20 percent in January. The December 2020 National Home Price Index reported 10.40 percent home price growth. The S&P Case-Shiller 20-City Home Price Index reported 11.10 percent year-over-year growth with 19 of 20 cities reporting higher home prices. Cleveland, Ohio was the only city reporting no home price growth in January. Detroit, Michigan reported home price growth data for the first time in nearly a year.

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Important Legal Tips For Homeowners

March 31, 2021

Being a homeowner is exciting. It can be financially rewarding, too. Unfortunately, it can also put you in a tough legal position.

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The Mortgage Pre-approval Letter: Why It’s Important and How to Get One

March 30, 2021

While you may feel as though you have taken the preliminary steps necessary to prepare yourself to buy a home, it is important that you also get a mortgage pre-approval letter for your financing before you starting hunting for that perfect house or condo.

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What’s Ahead For Mortgage Rates This Week – March 29, 2021

March 29, 2021

Last week’s economic news included readings on sales of new and previously-owned homes along with final March index readings on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.

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What Are The Most Common Mistakes Homeowners Make When Refinancing?

March 26, 2021

There are lots of people who are looking to take advantage of low-interest rates to refinance their homes. This provides homeowners with an opportunity to save tens of thousands of dollars over the life of the loan. It could also allow homeowners to access equity to finance a home renovation or shave years off their mortgage. On the other hand, there are also a lot of people who make mistakes during the refinancing process. What are some of the mistakes that everyone should make sure they avoid?

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Four Ways That Being Diligent with Your Mortgage Payments Can Seriously Improve Your Credit

March 25, 2021

The unfortunate reality is that many individuals have a lower credit rating than they would like. For many, this is caused by issues related to high debt balances, late payments and other related issues.

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