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Mortgages

When you're ready to purchase a new home, finding the right mortgage can feel daunting. Read our articles, guides, and advice to help you through the process.

What Credit Score Do I Need To Buy A House?

Your credit score is one of the main factors that lenders consider when determining your eligibility for a home loan. That’s why you want to make sure you have a high enough credit score to buy a house. If it’s below-average, they may charge you a high mortgage rate, which could cost you thousands in […]

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How to Increase Your Credit Score Quickly, Before Buying a House

When you consider buying a home and go to secure a mortgage, the interest rate you’re given will determine how much you pay in interest per month and over the life of your loan. Unfortunately, bad credit can make it difficult to get a decent rate, which results in higher costs. If you’re wondering how […]

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What are Home Construction Loans and How Do They Work?

A home construction loan is a short-term loan used for financing a new home build or a real estate project on an existing property. These are often referred to as self-build loans.

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Everything You Need to Know About Paying Off Your Mortgage Early

Paying off a mortgage early is often a much more achievable goal than many think. Making just one extra mortgage payment each year can shorten your loan’s term by four years and save you thousands of dollars.

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Understanding Today’s Mortgage Rates

What are mortgage rates? Your mortgage rate is the amount of interest you’ll pay on your home loan annually. It’s expressed as a percentage of your loan balance. Depending on what type of mortgage you choose, home loan interest rates may stay the same or fluctuate based on market conditions. Several factors go into determining […]

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What Are FHA Loans?

If you’re planning on buying a home soon, you may be wondering what type of mortgage is best for you. FHA loans are a popular choice for first-time homebuyers because they have low minimum down payments and flexible credit score requirements. You may be able to put down as little as 3.5% of your total […]

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How to Calculate Your Debt to Income Ratio

Your debt-to-income ratio is an important measure of your financial health that lenders use to determine your eligibility for loans. If yours is too high, you may have trouble qualifying for loans and credit cards or might get stuck paying a high interest rate. If you’re not familiar with debt-to-income ratios, read on to learn […]

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How to Buy a Foreclosure, Step By Step

Buying a foreclosure can be an affordable option, but it’s important to know the details. Learn how to buy a foreclosed home in 6 steps.

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Everything You Need to Know About Mortgage Refinance

To refinance your mortgage is to replace your current home loan with better terms and conditions under a new loan. People tend to refinance their mortgage when they can reduce their interest rate by at least 2%. A refinance can also be a wise financial move for those looking to switch to a fixed-rate loan, […]

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Everything You Need to Know About Mortgage Refinance

If done correctly, a mortgage refinance can put more money in your pocket by reducing your monthly mortgage payment and lowering your interest rate. Refinancing can even help you cash out the equity in your home, enabling you to invest your money in vital home repairs, college tuition, or other major expenses. But if you […]

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What is Escrow and How Does it Work?

Understanding escrow in real estate During the course of the home buying journey, you’ll eventually come across the term escrow. For many first-time buyers, escrow is a new concept that may be confusing. There are multiple types of escrow accounts that homebuyers will encounter throughout the process, but by the end of this article, you’ll […]

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What are USDA Loans and Do I Qualify?

If you’re moving to a small town or rural area and plan on buying a house, it’s important to explore your mortgage options — including USDA loans. USDA loans come with many benefits, like no down payment, flexible eligibility requirements, and low interest rates. However, they won’t be a good fit for everyone. Read on […]

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How to Get a Mortgage Pre-Approval

Buying a new home is a very exciting experience, but it is has a lot of moving parts. As you search to find the right real estate agent, lender, and home, you may start to wonder if everything will align for you. Will you find the right house? Will you get approved for a mortgage? […]

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Historical Mortgage Rates and What Today’s Rates Mean for Home Affordability

If you’re reading the news these days, articles everywhere are claiming that now is the best time to buy a house. Most of this is due to the fact that mortgage rates are at all-time lows: However, home purchases are down 1.7% from last year, according to the National Association of Realtors. And there are […]

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Reverse Mortgages Explained

As you explore options for buying a house, you may have come across the term “reverse mortgage.” However, you should know that you can’t use a reverse mortgage to buy a house. Instead, you would only ever seek a reverse mortgage if you’ve already owned your home for some time and have built up a […]

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