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Plenty of people have the goal of buying a home, but factors hold them back from making it happen each year. Rising interest rates or not enough savings for the standard 20% down payment are just a few examples that cause people to push off the thought of owning a home. Maybe next year’s rates … Continue reading 3 Reasons to Buy This Summer!


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Not everyone can afford the standard down payment when buying a home. Instead, they achieve their dream of home ownership through mortgage insurance. So what exactly is mortgage insurance, and how does it affect your home loan? What is Mortgage Insurance? Mortgage Insurance is an insurance policy that compensates mortgage lenders for losses due to … Continue reading Do I Need Mortgage Insurance?


The Housing Finance Policy Center of the Urban Institute recent released the results of a new study. The verdict? Women are better at paying their mortgages than men – yes, females are more financially responsible than their male counterparts. Using data requiring most lenders to report under the Home Mortgage Disclosure Act — plus information … Continue reading Women Pay Their Mortgages Better Than Men


FHA to Help Borrowers Keep Their Homes

Borrowers who have a high LTV (loan-to-value ratio) got some good news recently as the Federal Housing Finance Agency announced its intention to extend the Home Affordable Refinance Program (HARP) into 2017. In addition, the Agency introduced a new refinance program designed to take the place of HARP when it expires. The programs are for … Continue reading FHA to Help Borrowers Keep Their Homes


Rounding up Your Mortgage Payment

Many times in the mortgage lending industry, loan officers are asked what’s the best way to prepay their mortgage. Naturally, if you can afford an additional $100 or $200 per month to add to your monthly loan payment, you’ll save a substantial amount of interest over time by reducing the principal balance of your mortgage. … Continue reading Rounding up Your Mortgage Payment


50 Common Mortgage and Real Estate Terms You Should Know

Real estate professionals, mortgage lenders and lawyers often speak a different language, it seems, when they’re working with clients. The following glossary of some of the most widely used terms will help you understand what they say, what they mean and how it may impact your home search or mortgage loan application. Abstract of Title … Continue reading 50 Common Mortgage and Real Estate Terms You Should Know


Anatomy Of A Loan Closing, Or…

“What Exactly Am I Signing Again?” For many homeowners, signing the contract to purchase a new home seems like the culmination of the search for the perfect home. For others, it’s securing a mortgage loan commitment from a lender, guaranteeing loan approval and allowing the prospective borrower to breathe a sigh of relief. Still, for … Continue reading Anatomy Of A Loan Closing, Or…


The Dynamic Duos Of The Home

Tis the season for the big decision…should we buy, sell, or refinance our dream home? Whatever your decision might be, there are two very basic considerations/decisions to think about in order to maximize your home’s value. DYNAMIC DUO NUMBER ONE THE KITCHEN AND BATHROOM…Improvements, that is the cost, to these rooms MAY result in the … Continue reading The Dynamic Duos Of The Home


The Experts, The Consultants, The Advisors…Why and When

Last week we began our course work, matriculating toward a degree in personal finance, dealt with some basic financial definitions, details, and how to prepare financial statements, specifically, a balance sheet, income statement, along with suggestions for creating current and historical files for review and analysis.  Why…we’ve always commented that the devil is in the … Continue reading The Experts, The Consultants, The Advisors…Why and When


Managing Your Mortgage – Controlling Your Payments, Not Vice Versa

After an exhaustive search, you’ve found a home that fits all your criteria: it’s in a good neighborhood, it’s in a fine school district, and perhaps most importantly, it’s within the family budget. Now comes the hard part. What do you want the term of the mortgage to be? You’re fortunate in that your income … Continue reading Managing Your Mortgage – Controlling Your Payments, Not Vice Versa


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