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How Your Credit Score Affects Your Ability to Buy a Home

Your credit score has a big impact on whether you’ll be able to buy a home. From being able to get approved for a mortgage to your interest rate and the amount of house you’ll be able to afford, your FICO credit score matters when you’re shopping for a home. What Your Credit Score Means […]

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What is Deflation and How Could it Affect You?

We hear a lot about inflation from the financial media, but less well discussed – and understood – is deflation. What is deflation and how could it affect you? What is Deflation? The net effect of deflation is a general decline in price levels. That includes not only a drop in prices for goods and […]

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What Are Property Taxes?

There are many adventures on the road to homeownership. One of them is learning the ins and outs of property taxes. Every year, millions of homeowners pay real estate property taxes to their local municipality. The amount of the tax, the way it’s calculated, and even how it’s paid vary from place to place. Adding […]

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How to Boost Your Retirement Savings

It’s always nice when you can maximize your retirement savings early in life. But the demands of life often make that hard to accomplish. It’s often easier to start small, and gradually boost your retirement savings over several years. It’s a strategy well worth putting into action. There are several ways to do this that […]

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What You Should Know About Short Sales

When a homeowner runs into problems on a mortgage, they may try a short sale to avoid a foreclosure. A short sale is a way for a homeowner to sell a home for less than the remaining mortgage loan balance. The process is more complicated than a typical home sale and can have a negative […]

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Why 20% Down Payment Isn’t Necessary

Many first-time home buyers think a 20% down payment is recommended, or even required, to purchase a home. With today’s rising home prices, a 20% down payment is no small amount of money. However, you may be surprised to know that a 20% down payment is not necessary to buy a home in today’s market. […]

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Buying vs Renting Housing: Lifestyle Factors to Consider

Buying vs renting housing usually involves a lot of number crunching. It’s an attempt to find an answer to the question in the numbers. But numbers don’t always answer all the important questions in this kind of debate. In this article, we’re going to focus on lifestyle factors to consider, instead of making it all […]

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5 Reasons to Check Your Credit Regularly

Though it can seem a bit obsessive to check your credit regularly, it’s absolutely necessary today. It’s not just lenders who rely on your credit report, but also employers, landlords, and even insurance companies. The average person’s credit is checked several times each year by different institutions. You should make sure that you also check […]

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Are Bi-Weekly Mortgage Payments for You?

For most homeowners, mortgage payments are paid once a month. Yet some homeowners opt to make a payment twice a month, a proven strategy that can help you pay off your mortgage faster, save thousands on interest and quickly accrue more home equity. On the other hand, bi-weekly mortgage payments aren’t for everyone. Not everyone […]

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Are You Eligible for a HARP Refinance?

The HARP refinance was created specifically to enable homeowners who are “underwater” on their mortgages to refinance. Traditionally, homeowners are only eligible to refinance if their mortgage if the loan balances are lower than the value of their homes. But after the Financial Meltdown that began in 2008, property values fell across the country. This […]

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