Tag Archive: credit

Credit Card Mistakes That Can Keep You From Getting a Mortgage

April 6, 2015 by Leave a comment

If you’ve worked consistently for the past two years, and you’ve been saving your pennies for a downpayment and closing costs, you may feel nothing can stand in your way of qualifying for a mortgage. And in all likelihood, you’re the ideal candidate. However, what you may not realize is that certain credit card habits... View Article

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What Your Credit History Says to a Mortgage Lender

March 9, 2015 by Leave a comment

If you’re thinking about buying a house, the first thing you need to do is speak with a mortgage lender and get pre-approved. This preliminary step can save you time and heartache. A pre-approval isn’t required to look at homes or bid on a property, but it does work to your advantage. Since this involves... View Article

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Is It Really Better to Buy a Home When Interest Rates Are Low?

September 1, 2014 by Leave a comment

With interest rates still low, many people remain interested in purchasing a home whether it’s their first one or second. The cost of doing so can be affordable and in a recent North Shore Bank/GMAR Home Affordability Report, shoppers in the second quarter could still buy a home with a small monthly payment as compared to late in... View Article

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Increasing Home Value Part 3: Why You Should Consider Paying Off Your Mortgage Early

August 28, 2014 by Leave a comment

If you want to make some headway with your personal finances, you may want to make plans to repay your debts. When we talk about debt, most of the time we’re referring to the “bad” kind: student loans with balances greater than your annual salary, or consumer credit card debt. But there’s “good” debt, too. That’s what your... View Article

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What is a home equity loan?

August 26, 2014 by Leave a comment

Many homeowners think of home equity loans and home equity lines of credit as the same thing. But they’re not. In fact, there are some significant differences between the two. Think of a home equity line of credit as a type of credit card that uses your home as collateral. You can borrow up to a certain... View Article

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3 Tips to Avoid Mortgage Fraud

August 20, 2014 by Leave a comment

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... View Article

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