Struggling to Get Approved Because of Your Income? 5 Reasons to Consider a FHA Loan

January 27, 2016

Buying a home isn’t cheap. But if you’re determined to become a homeowner, the FHA home loan program can help. This loan program, ideal for first-time buyers with low incomes, can help you to build your credit and make home ownership a reality.

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A Guide to Financing Home Improvements and How Mortgage Refinancing Can Help

January 26, 2016

If you’re planning to remodel or renovate your home in the near future – whether to provide a better living environment or as part of a house flip – you’ll need to find a way to pay for your home improvements. There are several different possible sources of renovation money, each with their own advantages and disadvantages. One option that is gaining popularity is mortgage refinancing.

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What’s Ahead For Mortgage Rates This Week – January 25, 2016

January 25, 2016

Last week’s scheduled economic news included releases from the National Association of Home Builders, Housing Starts, and Existing Home Sales. Weekly reports on new jobless claims and mortgage rates were also released.

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3 ‘Must Know’ Pieces of Advice for First-time Home Buyers

January 22, 2016

When delving into the realities of home ownership, there can be many factors involved that make it difficult to determine what you need to know and what can wait until later. If you happen to be a first-time buyer who’s looking for the best tips for purchasing a home, look no further than the following three pointers to set you on the right path.

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The Do’s and Don’ts of Getting Approved for a Mortgage Quickly

January 21, 2016

If you’re ready to buy a home, getting approved for a mortgage is a critical step that you can’t skip or rush. So how can you ensure your mortgage gets approved quickly and without any hassles? Here’s what you need to know.

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Home Builders Remain Confident in January

January 20, 2016

Home builders maintained December’s confidence level according to the National Association of Home Builders (NAHB) Housing Market Index for January. The latest reading of 60 mirrored December’s reading, but was two points lower than expected. Readings of more than 50 indicate that more builders were confident about housing conditions than those who were not.

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What’s Ahead For Mortgage Rates This Week – January 18, 2016

January 19, 2016

In addition to weekly reports on mortgage rates and new unemployment claims, last week’s economic news included the Fed’s Beige Book report, retail sales and consumer sentiment. January’s Empire State Index showed an unexpected dip and Consumer Sentiment increased for January.

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Who Is Exempt From The VA Funding Fee?

January 15, 2016

Who is NOT required to pay the VA funding fee? This video could save some veterans thousands. VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption.

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Owning vs Renting: Why High Rents Are Worse Than a Mortgage over the Long Term

January 14, 2016

If you’re at the stage in life where home ownership is nearly within your reach, you’re probably wondering whether you should start looking for a home or whether you should just keep renting. So why is paying a high rent a worse option than buying a house and getting a mortgage? Here’s what you need to know.

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Real Estate Terms: The ‘Debt to Income’ Ratio and How It Affects Your Home Purchase

January 13, 2016

The real estate market is rife with terminology that can make a home purchase seem more than a little complicated. If you’re currently looking for a home and are considering your loan options, you may have even heard the term ‘Debt to Income’ ratio. In the interest of simplifying things, here are some insights on what this term means and how it can impact your home investment.

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