How To Negotiate For Better Mortgage Conditions

There are thousands of financial institutions and companies all over the United States such that in your city alone, you may have hundreds of available choices.  These different companies offer a variety of mortgage loans with different terms and conditions – you would hardly find two that are identical.  You can expect that their offers would be very diverse and if you intend to get a mortgage or improve on your existing one, your options are far too many […]

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Second Mortgages: How They Work, Pros And Cons

Have you ever wondered why homeowners actually take a second mortgage on their homes? Taking a second mortgage could mean being able to receive a lump sum of money or open a new home equity line of credit (HELOC).  Your present equity will depend on the balance of your original mortgage loan and the present value of your home.

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How Much Mortgage Can You Afford?

For a serious home buyer, this is a most fundamental question: How much mortgage can you afford? Generally, most prospective homebuyers can afford a mortgage that costs between 2 to 2.5 times of their gross income.  Using this rule, a person who earns $100,000 per year can afford to borrow $200,000 to $250,000.  But this is just a basic guideline – if you want a more definite figure, you have to consider many things.

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Biggest 8 Mortgage Mistakes To Avoid When Buying A Home

Buying a new home is always an exciting step, but also very stressful – it’s probably the biggest amount you have ever spent in your life. So how should you deal with it? In this article, I will be showing the main mistakes people make when choosing and managing a home loan. Also, you will find some advice on how you can maneuver through…

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What Are The Best First-Time Homebuyer Programs Available In The US

First-time homebuyers? Nowadays, more and more young people are having problems buying their first home. This is either because they do not qualify for loans or simply because the financial burden will be unbearable. However, don’t give up too quickly. Despite that, there is always hope for people who are having a hard time. There are many programs aimed at homebuyers facing difficulties, and they provide financial support as well as other types of assistance and help.

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How To Find A Good Real Estate Agent

Having a good real estate agent is crucial if you want to have smooth and problem-free real estate transactions.  This is true whether you’re a seasoned veteran or someone who is just making your first real estate deal.  The trick is how to find the right agent for you from more than 2 million licensed agents in the U.S. alone. A good real estate agent would be essential whether you are buying a house or the one selling it.  Your agent will help walk you through all the steps and process […]

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The Pros And Cons Of FHA Loans

One of the benefits that the Federal Housing Administration offers is a special loan for low-income earners or the moderate families.  Borrowers who may have too many outstanding debts can try applying for an FHA loan. The Federal Housing Administration is an agency that aims to help people with low-income or moderate families get their own homes.  Any borrower should compare an FHA loan[…]

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