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First-Time Homebuyer
How to Select the Right Mortgage Insurance Payment Option
Country’s Largest Source of Mortgage Money Raises Debt-to-Income Ratios Making Homeownership More Attainable
Loan Programs for First Time Homebuyers
5 Tips for Finding Your Dream Home
How to Make an Offer on a House in a Competitive Market
Eliminate Mortgage Insurance Faster and Save
Private Mortgage Insurance (PMI) is often thought of as a “necessary evil.” It protects the lender and helps you purchase your home, but, it’s an added monthly expense that you will likely be anxious to get rid of as soon as possible. So, how do you eliminate monthly mortgage insurance? Below are some options to consider.
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3 Tips To Help Home Affordability When Rates Rise
So far the Fed has increased its benchmark rate three times since the financial crisis as they track economic improvement and attempt to maximize employment and stabilize inflation. If the economy continues to improve, and economic data remains positive, another increase could come as soon as May or June. While consumers with credit card debt may see an immediate increase in interest rates as a result of the Fed’s rate increases, the effect on longer term mortgage loans will be less direct, but still impactful. As RPM’s Julian Hebron explains in an article on Zillow “Even though mortgage bonds represent longer-term rates, these Fed hikes still fuel selling of mortgage bonds, pushing mortgage rates higher.”
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FHA vs Conventional – Choosing Which Loan Is Best for You
From location, to budgeting, to the right floor plan, there is a lot to consider when searching for the perfect home. In addition to choosing the home features that matter most, you are also faced with decisions about home financing.
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