Understanding the Key Factors That Affect Your Mortgage Interest Rate

March 17, 2015

When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. However, the unfortunate truth is that all too often, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate.

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What’s Ahead For Mortgage Rates This Week – March 16, 2015

March 16, 2015

Last week’s economic reports included job openings, retail sales, retail sales except automotive, consumer sentiment for March and the usual reports on weekly jobless claims and mortgage rates.

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Have You Outgrown Your Current Home? Here Are Five Easy Ways to Tell if It’s Time to Upgrade

March 13, 2015

Your home is your castle, your own little piece of the American dream. But lately, your little corner of the world has been feeling cramped and you find yourself eyeing those larger homes. Is it time to pull up stakes and move on from your starter home?

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

March 12, 2015

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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Taking an Extended Vacation? Renting Your Home to Long-Term Tenants is a Great Option

March 11, 2015

If you have the luxury of taking an extended vacation, you may have your sights set on adventure and relaxation. However, you also need to consider the practicality of leaving behind your home and belongings for an extended period of time. A great idea is to take on a long-term tenant for your home, and there are a number of benefits that you can enjoy by doing this.

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Missed a Mortgage Payment? How to Ensure It Doesn’t Affect Your Credit Score

March 10, 2015

If you pay attention to your credit rating, you may be well aware that a single late payment reflected on your credit report can result in a decline in your scores. In some cases, the decline can be rather significant, and you will have to work hard to make regular payments over a period of time to show that you remain creditworthy and to rebuild your credit score.

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What’s Ahead For Mortgage Rates This Week – March 9, 2015

March 9, 2015

Last week’s economic news was scant on housing related reports, but several employment reports were released along with the national unemployment rate, which dipped to 5.50 percent. This was a full point below the Federal Reserve’s original target rate of 6.50 percent. Construction spending was incrementally lower than expected and mortgage rates also fell.

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Three Inexpensive Makeovers That Will Boost Your Home’s Appeal to Young Buyers

March 6, 2015

If you have determined that there are many younger buyers moving into your area, you may want to make a few changes that will add appeal to this target audience. While you could spend tens of thousands of dollars or more completing a home makeover, there are a few budget-minded ideas that you may consider.

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Buying for the First Time? The Ultimate Guide to Surviving the Mortgage Process

March 5, 2015

If you have heard nightmarish stories from friends and family members about the home mortgage application process, you are not alone. In fact, some of these stories may have even been a reason why you have held out on moving forward with your plans to purchase your first-home.

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What Factors Determine Your Home’s Resale Value? Let’s Take a Look

March 4, 2015

There are several factors that will help you determine the value of your home when you want to sell it. Location, condition, layout, upgrades, and events relating to your home are all important when selling your home.

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