Buying a new home requires managing a lot of moving parts, from mortgage preapproval to closing. Even after an offer is accepted, buyers and sellers are still at the negotiating table. If closing costs or surprise expenses become too much for the buyer, a seller concession could help seal the deal. Although seller concessions can […]
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Nothing compares to scrolling through listings until you find the home with the perfect garden, garage, and floors. Then comes the less fun part: figuring out how to finance your home purchase. For the vast majority of people, acquiring a new home means taking out a mortgage, a loan for the part of the house […]
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Maybe youâve considered refinancing your mortgage, but youâve only dipped your toe in the exploratory waters. Is now the right time? Will rates stay low? Could they go lower? It can be hard to know when to take the plunge. Whether you purchased a home recently or bought a home years ago, you probably noticed […]
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Maybe you saved up money over the past few years, got a hefty raise, or received an inheritance. Whatever the reason, you now have the means to pay off your mortgage early. Isnât that the best move? It just depends. It can be tempting to rush to pay off your home loan when you have […]
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If youâre like many Americans, your home is the single largest purchase youâll ever make–and one you likely canât afford to replace if disaster strikes. Thatâs why homeowners insurance can be a wise investment. This type of insurance will compensate you if an event covered under your policy damages or destroys your home or personal […]
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The idea of building a home that meets all your needs is something a lot of people fantasize about. Maybe youâre already a homeowner and the goal is an accessory dwelling unitâa granny flat, tiny house on a foundation, carriage house, garage apartment, or basement apartment. Maybe youâve found a fixer-upper on a perfect plot […]
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If youâre looking into getting a mortgage for the first time, congratulations! Youâre about to embark on a brave new adventure in adulthood. Like most adventures, it comes with some highs and some lows. One of the highs might be when you finally find the perfect home in your price range. As for the lows, […]
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If youâre like many Americans, you dream of having a beach house, a desert escape, or a mountain hideaway. Perhaps youâre tired of staying at hotels and want the comforts of home at your fingertips. Youâre ready to make this dream a reality. Before you do, consider these steps. How to Buy a Vacation Home […]
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Over the past decade, mortgage refinancing has grown in popularity. Not that big of a surprise, considering weâve seen a sizable drop in mortgage rates during this time. At the height of the housing crisis in 2008, rates averaged about 6% for a 30-year fixed-rate mortgage . Currently, the average rate for a 30-year fixed […]
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Cash-out refinances and home equity lines of credit are two borrowing options that allow homeowners to tap into the equity they have built in their home. A HELOC is a line of credit secured by the borrowerâs home. The line of credit can be accessed on an as-needed basis, up to the borrowing limit. The […]
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