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Moving From An Apartment To A House? Here’s What You Need To Remember About Your Lease
The major problem that the vast majority of buyers will run into – especially when purchasing their first home – has to do with a lease agreement that is still active with their apartment complex at the time of the purchase. If you loca...
Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions
US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing ...
What Are The Benefits And Drawbacks Of Putting 20 Percent Down On A Thomasville Home Purchase
Several generations ago, lenders required home buyers to have a 20 percent down payment in order to get a mortgage. While there were a few options out there for people who couldn’t save this substantial amount, the reality was that for th...
Your Guide To Aging In Place Home Modifications
If you’ve had to watch your parents transition into assisted living, you may have no desire to call such a place home. You are not alone. According to the Aging in Place Housing Survey conducted by the American Association of Retired Pers...
What Important Items Can Upset My Mortgage Pre-Approval Status?
When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-q...
What Changes Occurred In FHA And FNMA Rules During 2018?
The FNMA HomeReady Program Those who are involved in the mortgage industry must keep updated on changes to FHA and Fannie Mae (FNMA) loans. Since loan limits and other changes are often made annually, keeping up with these changes helps ...
Loan Programs For Lower Income Buyers
Owning a home may be the American dream, but for many who are in a lower income bracket, finding a loan can become challenging. Thankfully, there are several loan programs that can work well for lower-income people considering homeownership...
5 Key Factors That Affect Your Mortgage Rate
Many first time home buyers often wonder what factors determine their mortgage rate. Is it the credit score? Is it the type of loan chosen? Is it the size of the loan? The truth is, there are many factors at play. Mortgage interest rates ar...