Is Buying a Home Worth It?

Owning a home is the epitome of the American dream. But after the housing market crashed, people started to question if being a home-owner really meant having financial stability. Sometimes buying a home isn’t the smartest financial decision you can make and that’s okay. Moving from renting to owning is a huge milestone and change in life-style. You’ll need to …

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When Should You Refinance a Home?

When should you refinance

Perhaps you bought a house at a time when your credit was poor, and you now have a high interest rate. Over time you’ve started practicing good money habits and successfully raised your score. It feels unfair to stay trapped in an interest rate that no longer accurately reflects your credit history. Refinancing your mortgage opens the door to renegotiating …

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Teach Me How to Buy a House

Teach me how to buy a house

First thing’s first – are you truly a first-time home buyer? If this is your first time borrowing money from a lender to purchase a home and in return, you are obligated to pay it back, then you are a first time home buyer. You are a mortgagor who takes the loan, using your property as security for repayment on …

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The Process of Buying a Home

  Buying a home is the largest purchase made in the lifetime of a person and the entire process can be extremely frustrating at times, but if you properly prepare prior to the search for the new home then the process can run smoothly. To begin the home purchase preparation, it is imperative that you start saving money. Down payments …

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Can You Purchase a Home with a Low Credit Score?

  Buying a home can be frustrating at times especially when it comes to credit scores. To begin with, home buyers should know that credit scores fluctuate frequently and there are several different types of credit scores. Most mortgage companies will determine a borrower’s creditworthiness based on FICO® scores, a Credit Score developed by Fair Isaac Corporation. This score is …

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Tips for Buying Your First Home

  Purchasing a home is a big financial commitment – potentially one of the biggest purchases you’ll make in your lifetime. When buying your first home, it is easy to get overwhelmed or feel like the financial decisions are out of your control. While home hunting can be exciting, the process of buying a home can be somewhat challenging. Regardless, …

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Finding a Cheaper Mortgage

Find the best mortgage for your budget   There can be no denying the fact that even a slight increase in interest rate can make your mortgage costly for you. If you are buying a home, paying attention to interest rate being offered by your lender makes all the difference between a bargain deal and a costly mortgage. After all, …

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