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Archive for the Mortgage 101 Category

7 Money Mistakes That Could Get Your Mortgage Denied

7 Money Mistakes That Could Get Your Mortgage Denied

It’s not over until it’s over. In the world of mortgages, this saying couldn’t be more true. Because while getting pre-approved, finding a home, and getting your offer accepted puts you close to the finish line, it doesn’t get you across. You still have to close. If

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Unique Ways to Get Assistance With Your Down Payment

Unique Ways to Get Assistance With Your Down Payment

Buying your first home is exciting. It can also be stressful, nerve-racking, and expensive! This is especially true if you plan to put 20% down. Luckily, you don’t have to let the daunting size of a 20% down payment keep you from your dream of homeownership. You

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How Buying a Home in Your 20s or 30s Could Help You Prepare for Retirement

How Buying a Home in Your 20s or 30s Could Help You Prepare for Retirement

In your 20s and 30s, you have a lot to juggle – especially financially. There are the fun expenses, like your next vacation and a fancy new handbag. And then there are the not so fun expenses like student loan payments and credit card bills.   With

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Is a Tiny Home Really a Tiny Expense?

Is a Tiny Home Really a Tiny Expense?

Puppies. Babies. Tiny homes. Small things are adorable. This is especially true when they’re seen from a distance where you don’t have to deal with the chewing, crying, and downsizing. But the question remains: Is a tiny home really a tiny expense? At first glance, their small

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6 Tips to Getting a Higher Appraisal

6 Tips to Getting a Higher Appraisal

Thinking about refinancing your home? Now is the time. A lower interest rate could save you a substantial amount of coin. However, before you can secure a “low rate,” you’ll need to get your home appraised. The higher the assessment, the lower your potential interest rate will

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How Does Refinancing Work?

How Does Refinancing Work?

How does a lower monthly mortgage payment sound? If it sounds good a refinance just might be for you. Refinancing or “refi” for short is similar to applying for a new loan. The new loan pays off your existing mortgage, give you new terms, and new interest

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How to Finance Your First Investment Property

How to Finance Your First Investment Property

Like any major purchase, an investment property can be a nerve-racking proposition. This is especially true when you’re trying to find financing for the purchase. However, many investors have found the earnings from increased property values and rent far outweigh the risk. If you’re interested in pursuing

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