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Why Fall May be the Best Time to Buy a Home

The Spring/Summer real estate buying season is over. Does that mean that it’s time to abandon your homebuying plans, and wait for the next buying season next Spring? It could be a mistake if you do. That’s because fall maybe the best time to buy a home. Here’s why. The Spring/Summer Buying Season has Passed […]

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Market Brief: Steady as she goes

Exuberance is creeping in, but there’s little substantive news to really move the markets. Generally, earnings are strong, interest rates remain at historical lows, we are at near full-employment, and the business environment is favorable. The prevailing mortgage rates trend continues to be sideways. Today’s Prevailing Mortgage Rates* 30-year fixed rate 3.875-4.125% 3.956 – 4.125% APR […]

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How Can I Improve My Credit Score by Managing My Credit Cards?

One of the most important things you can do for your finances is to maintain a good credit score. Your credit score can open doors to lower interest rates, better housing, and even lower insurance premiums. As you plan your future money moves, it makes sense to think about how certain moves could impact your […]

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How to Get a Mortgage After a Bankruptcy

If you have had a bankruptcy within the past few years, you may still be able to qualify for a mortgage. But since bankruptcy is considered to be a major derogatory credit event, there are certain limits. Knowing those limits is the key to getting your loan application approved. Mortgage Rules on Bankruptcy Bankruptcy rules […]

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Mortgage Rates Update for 10-10-2017

It’s Tuesday, October 10th and mortgage rates continue to trend upward, but ever so slightly. The good news is that mortgage rates remain at long-term lows, even for 2017. Check out this animated illustration of weekly 30-year fixed rate trends for 2017 as reported by Freddie Mac. U.S. weekly average 30-year fixed #mortgage rates in […]

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What is a Loan Estimate and Why Does it Matter?

Do you remember the old mortgage industry standbys, the Good Faith Estimate (GFE) and the Truth-In-Lending (TIL) forms? After many decades on the scene, they’re about to fade into the dustbin of history. They were replaced by the new Loan Estimate, which essentially combines both documents into a single streamlined presentation. The Loan Estimate has […]

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Things to Know Before You Start Shopping for a House

Congratulations! You’ve decided that you’re ready to buy a house. Here are some things you need to know before you start shopping: How much you can put down – You probably already know you need a down payment to buy a house. Twenty percent of the sale price used to be the standard amount, and […]

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Do You REALLY Want to Tap Your Retirement for a Down Payment?

Since so many people have most or even all of their savings in a retirement plan, it can be tempting to tap it for a down payment. But before you do, consider both the cost of liquidating retirement funds, as well as the options that you have to avoid it. The Cost of Liquidating Retirement […]

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Should you upgrade your house before selling?

If you’re thinking about selling your house, you’re probably also wondering if you should make significant upgrades before putting it on the market. The simple answer is, probably not. Upgrades Before You Sell You will likely see the best return for the money you put into your house if you focus on minor repairs and […]

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Is This a Good Time to Take an ARM Mortgage?

Are you considering taking an ARM mortgage in this interest rate environment? There are times and situations where an ARM mortgage makes sense. Is that true in this market? Security vs. a Lower Interest Rate The 30-year fixed rate mortgage represents the ultimate tool in home financing security. Both your interest rate and your monthly payment […]

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