What Happens if You Break a Home Purchase Agreement?

A home purchase agreement is put in place to protect the buyer and the seller. It helps the seller make sure they get the money they deserve after taking the home off the market for you while you get your affairs in order. It helps the buyer by giving you time to back...

The Top 5 Reasons to Buy a ‘For Sale by Owner’ Home

You are in the market for a home – congratulations! You have many decisions ahead of you, though. Your first decision should be whether to buy a ‘for sale by owner’ home or a newly constructed home. A newly constructed home may be something you always dreamt of, but...

Good Reasons to Refinance a Home Equity Loan

Have you ever thought of refinancing your home equity loan? It’s not a common practice, but it can definitely have some benefits. Because your home equity loan might change over time, you may want to reevaluate your situation to see if you should consider refinancing...

Thinking About Selling Your Home This Fall? Here Are Tips That Might Help

It’s fall season. But as beautiful as this season gets, it could also be a good time for home buyers to fall in love with homes that they would potentially call their own.Like buying a house or applying for a mortgage, selling your home has its own hurdles, too. But...

Piggyback Loan or PMI – What’s Better?

If you are unable to put 20% down on the home you purchase, you have two options – pay PMI or take out a piggyback loan. Either way, you help lessen the risk the lender takes by providing you a loan without a large down payment. Both choices have the same end result –...

First Quarter Data Show Good Start For Mortgage Lending

It’s a good start for mortgage lending – or at least that’s what the numbers say. In a latest data report released by Equifax, the first quarter of the year has seen increases in mortgage activity, owing to the positive financial wave that Brexit resulted after its...

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Recent Rules Will Reduce FHA Reverse Mortgage Default Rates

A study published in July revealed that default rates on reverse mortgages insured by the Federal Housing Administration could be reduced by as much as 50% in light of the agency’s recent rules changes.This development comes as the FHA wishes to codify those changes...

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What Alternatives Are There To The Cash-Out Refinance?

If you need cash and you have equity in your home, you may automatically turn to the cash-out refinance. Did you know that this isn’t your only option, though? There are other ways you can get the cash you need that don’t involve refinancing your first...

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An Outline Of The Home Owning Process

It’s never been easier to own a home. To the bare minimum, the only things you need to own to get a home are:a) an incomeb) a proof of this incomec) a tax information of this incomeNo, you do not need to be a millionaire to own a home. Nor do you need to have no debt....

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