3 Tips to Avoid Mortgage Fraud

As lenders have tightened restrictions for securing mortgage loans, homebuyers have been forced to expand their options to include non-traditional funding sources. Realizing this, several scams have emerged that target desperate borrowers. Failure to avoid these scams could result in a home being foreclosed, fines being levied, or criminal charges. Before you head out in search of your […]

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Fannie Mae Lowers Expectations for Remainder of 2014 into 2015

Fannie Mae shared their outlook on the housing market on Monday, and it is not in a positive direction.  Fannie thinks that too much momentum was lost during the first half of the year, and because of this, they believe that the housing market will slow down for the remainder of the year and into […]

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Four Reasons Why You Shouldn’t Clean Out Your Savings When Buying a Home

At a certain point in life, you’ll start to see many of your peers become homeowners. They’ve graduated from living with their parents or living in a small apartment and now have spaces of their own to call home. While you might be tempted to join them right away, there are several reasons why doing so without a […]

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Refinance Request Turned Down? Here’s What You Can Do Next

In an effort to save money, many consumers have turned to a mortgage refinance as an option. Working with a mortgage company or bank, a borrower can significantly reduce his payments by taking advantage of low interest rates. However, with today’s stricter lending laws, many mortgage holders are finding refinancing isn’t quite as easy as speaking to a […]

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Advantages of Renting

In a previous article we discussed the benefits of home ownership, now we will focus on the other side of the coin.  Buying a home is not for everyone, and that is perfectly fine as renting has many of its own benefits.   Many people think that renting is a waste of money, and that is […]

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Five Compelling Reasons to Refinance Your Mortgage Loan

If you’re waiting for the best time to refinance your mortgage loan, now might be the time to jump start the process. Refinancing replaces an existing mortgage with a new one. It’s a common practice in the lending world, yet a refinancing doesn’t always make good financial sense. To determine whether this is the right move, you need […]

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Understanding an ARM Loan

During the home buying process, many mortgage related terms are tossed around.  One of these terms that is often talked about is an “ARM”.  An ARM, for those who don’t know what it stands for, means Adjustable Rate Mortgage.   Arms are one of many different mortgage loan options available to borrowers, and are a great […]

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Can You Create Rental Income Without Buying a Second Property?

Does the thought of creating another stream of income via an investment property appeal to you, but you feel hesitant about potential responsibilities as a full-time landlord? It might be worth taking a look at your own house before you go through the hassle of looking at a second property. Rental income doesn’t have to come from a […]

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