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Recent Articles

May
08
2014
4 Tips to Compete With Cash Buyers
If you find yourself in competition with a cash buyer for your ideal property, brace yourself for disappointment. Cash buyers are tough to beat, but it can happen with the right finesse. Remember, having a pocket full of cash does not always make for a savvy home buyer. Your brain may just...
May
08
2014
Understanding Mortgage Debt Forgiveness
After the United States housing market bubble burst, many borrowers had their homes foreclosed upon because they were unable to keep making mortgage payments on a regular basis.  Many of these borrowers felt relief with the Mortgage Debt Relief Act of 2007, which gave relief to...
May
08
2014
Crafting an Effective Letter of Explanation
When your credit, employment or other financial history has some questionable gaps, your lender may ask you to provide a letter of explanation for each. Writing the letter can be tedious, but borrowers would be keen to take advantage of a moment to explain any collections, salary...
May
02
2014
Buying a Home? Don't Do This.
1. Create an unreasonable budget There are many unexpected costs accompanying the home buying process. Plan ahead for fees covering appraisal, credit reporting, escrow and notary. When calculating the cost of owning, include monthly mortgage payments, approximate...
May
01
2014
Home Equity Loans Versus Home Equity Line of Credit (HELOC)
Many homeowners have a hard time differentiating between a home equity loan and a home equity line of credit.  Both of these methods are ways of borrowing against your home’s equity.  However, there are major differences between the two methods: A home equity...
May
01
2014
Is It a Condo or a Townhouse?
If you’re a first time homebuyer, chances are that you could be unclear regarding how a condo and a townhouse differ.  You could be surprised to learn that the difference between a condo and a townhouse refers to the home’s legal ownership.  Let’s delve...
Apr
24
2014
Choosing a 15 or 30 Year Mortgage
The most common time period for people to have a mortgage is 30 years.  However, how do you know if a 15-year mortgage is better suited for you?  Let’s delve into some of the positive aspects of a 15-year mortgage: you’ll build up home equity quickly and...
Apr
24
2014
How Much Does Premium Mortgage Insurance (PMI) Cost?
If you’re buying a home in 2014 and have less than a 20% down payment, you might be wondering how much you’ll have to pay for PMI.  The cost of private mortgage insurance is very much based on the loan type you are using: Conventional Loans In general,...
Apr
18
2014
Best Times to Buy, Sell and List a Home
If you're in the home market or are selling your home, you might be interested to know the best times to buy, sell and list a home. These principles are tentative, but generally hold true on a regular year.   Of course, we encourage prospective buyers to make the purchase...
Apr
18
2014
Top Benefits of a Home Inpection
If you've found the perfect home, you just want to move in as soon as possible. Before you do that, though, you need to do one other thing: get a home inspection. We cannot stress it ennough - performing a home inspection is entirely necessary, despite how "in shape" you...
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