FHA Loans for Investment Properties: Can This be Done?

FHA Loans for Investment Properties: Can This be Done?

Low requirements for down payments and favorable credit scores can make Federal Housing Administration (FHA) loans attractive options for homebuyers. But these loans may not be suitable for all real estate investors because the conditions of the loans won’t allow it....

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How Locking a Mortgage Rate Can Be Beneficial for You

How Locking a Mortgage Rate Can Be Beneficial for You

When interest rates are rising, you should pay extra attention to rate quotes from your lender. You don't want to end up having to pay for a loan with a really high-interest rate that could cost you thousands of dollars on top of the principal amount. If you need to...

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Adjustable Rate Mortgage Facts You Should Be Aware Of

Adjustable Rate Mortgage Facts You Should Be Aware Of

An adjustable-rate mortgage or ARM is a home loan with interest that changes or fluctuates during the life of the loan. The interest rate you pay is linked to an index and is adjusted according to that index. ARMs are an excellent choice for homebuyers who plan to pay...

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What to Know about Pre-Foreclosure Homes before Buying One

What to Know about Pre-Foreclosure Homes before Buying One

Are you looking to purchase an affordable home? If so, you may be thinking of whether to go for a pre-foreclosure home that will allow you to get an excellent deal. If you're new to this, it is vital to understand what a pre-foreclosure home is and how to buy one. So,...

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What To Know About The Closing Phase When Buying A House

What To Know About The Closing Phase When Buying A House

Are you obtaining a loan to pay for your home? If so, you'll have to undergo a phase known as closing. This is the final phase of any mortgage loan process, and understanding what lies in store for you can help ensure you make the right decisions for a smooth process...

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Homeownership in 2022: How to Get Started in Buying a Home

Homeownership in 2022: How to Get Started in Buying a Home

There's no denying that the housing market has been hot regarding how much buyers are paying for properties. This is making more first-time homebuyers apprehensive about buying a home.   Buying a home is a huge investment that comes with many obligations and expenses....

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Need a Mortgage Loan? Here Are Some Tips to Secure One

Need a Mortgage Loan? Here Are Some Tips to Secure One

Home mortgage loans are part and parcel of securing a house to call home for most people. After all, these loans encompass the most significant amount of debt most people will incur in their lifetime. However, there can be times when securing a home mortgage loan...

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Various Home Equity Loan Alternatives to Choose From

Various Home Equity Loan Alternatives to Choose From

Home equity loans are a well-known option for borrowing money due to their favorable rates. The interest most borrowers pay is often tax-deductible, making the loans even more desirable. However, borrowers should consider other options in certain situations. There are...

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What to Know When It Comes to Mortgage Qualification

What to Know When It Comes to Mortgage Qualification

Qualifying for a mortgage, while more difficult than many people think, is not as hard as may borrowers believe. Fannie Mae recently came out with a study that found many people are daunted by the possibility of stringent mortgage requirements. In truth, it's not...

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