What is a reverse mortgage? What are some of the pros and cons?

You’ve probably seen one of the many commercials on TV for a reverse mortgage, and you’re probably wondering if you should get one for yourself or, for your older loved one. In this short article, we’re going to talk about what exactly a reverse mortgage is, and what are some of the pros and cons […]

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How Do VA Loans Work?

How Do VA Loans Work Purchasing a home is probably the biggest financial decision you’ll ever have to make. If you’re a veteran, you can  apply for a VA loan to buy an existing home, construct your own house or purchase a condominium or townhouse. What’s more, VA loans can also be used for making home improvements […]

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Thinking Long-Term When Looking at Home Loans

Buying a home is still a dream for many people. For the vast majority of home buyers, they will use home loans in order to buy their home. Many people believe it is a good idea to borrow as much money as possible when taking out a home loan. However, there are many things to keep in mind […]

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Home Gardening: Celebrate and Personalize Your Investment

Home Gardening is a simple and fulfilling way to celebrate your investment and increase your property value. An attractive and functional garden is the first thing appraisers see when assessing the value of your property. Even if the monetary value does not significantly increase, the aesthetic addition of a garden will be an indelible first impression […]

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When Does Cash-Out Refinancing Make Sense?

Cash-out refinancing is a good option for you if you want a lump sum of money financed at a relatively low-interest rate. You’ll probably qualify for this type of refinancing if you have already paid off a significant portion of your mortgage. For instance, if you still owed $50,000 on a home that’s worth $150,000, […]

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What Exactly is a Reverse Mortgage?

You’ve probably seen the commercials for reverse mortgages, and if you’re a senior citizen, you may have even considered one. Unfortunately, while the commercials do a good job of making a reverse mortgage sound good, they don’t do a very good job of explaining what they actually are. Let’s dive a little deeper into exactly […]

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Do You Qualify for a Jumbo Loan?

In most areas, conventional loans are limited to just over $400.000. Of course in certain, more expensive, residential areas, those amounts may be higher, sometimes even up to around $700,000. But what if the home of your dreams is currently selling for well over what a conventional loan in your area will offer? The answer is […]

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What is an Adjustable Rate Mortgage and What Are the Benefits?

If you’re trying to find a loan, especially to purchase real estate, you’ve probably heard of the adjustable rate mortgage. You may be wondering why it would be good for you, or maybe even what it is. Let’s answer a few of your questions here. What is an adjustable rate mortgage? An adjustable rate mortgage […]

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FHA Mortgage

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The Federal Housing Administration provides mortgage insurance on loans granted by FHA-approved lenders. A FHA mortgage insurance policy gives lenders protection against losses that result from homeowner default. The benefits of this type of loan are: Lower Down Payment: FHA loans require a low down payment. You can deposit as little as 3.5 percent. A […]

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Three Reasons Not to Ignore The Holiday Season

There’s no doubt that mortgage refinancing is very stressful. After all, who has fun crunching numbers and dealing with lenders? However, the upcoming season is something to look forward to. It’s not something to ignore, and will give you a break from the hassles of your finances. Here are a few reasons why you shouldn’t ignore […]

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