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The mortgage process can be stressful at times and baffling due to the heaps of paperwork and unfamiliar terminology. The process is further complicated by the fact that mortgage lenders and banks do things differently. Some lenders charge loan origination fees while others ask you to pay for mortgage points.…continue reading

Over recent months many homeowners’ have taken advantage of the record-low interest rates to refinance their mortgage and lower their monthly expenses. If there is no specific plan on how to utilize these savings then it is easy to spend it on needless expenditure. So, if you have refinanced recently…continue reading

One of the largest loans that you receive is a home loan. So, lenders need to evaluate your financial status to ascertain whether your income will cover the mortgage payment and other monthly debts. For this you need to be ready to submit a bunch of documentation which includes your…continue reading

If you are buying a home for the first time, there are a lot of things that you need to consider. You not only have to cover your down payment but also need to set aside enough money in your budget for closing costs and other fees. Homebuyers usually spend…continue reading

Despite the COVID-19 pandemic, the real estate market is continuing to heat up due to the low inventory and improved interest rates. Buyers are much less fearful after the initial lockdown and are looking for houses like they did before by wanting a walk through with an agent after looking…continue reading

Tales of shrewd investors who snap a bargain and make huge profits by flipping foreclosed homes is quite widespread. So, it is no surprise that prospective homebuyers who are looking to buy more house than their budget would find buying a foreclosed home quite enticing. However, is it a good…continue reading

The present low-interest-rate environment has led many homeowners to think about something else besides the COVID-19 pandemic. Many are wondering whether they should stick with their current mortgage or refinance. Some others are thinking on the lines of opting for a different payment strategy that can help them pay off…continue reading

For many homebuyers, the first most crucial decision they have to make is whether to purchase a traditional house or a condominium. Both of these options have advantages as well as disadvantages, but deciding which choice is the right one will depend on what matters to you most. That is…continue reading

Purchasing a fixer-upper home has become a trend in recent years for first-time homebuyers and repeat buyers who cannot afford a larger home or a better neighborhood. According to a survey by Realtor.com in 2019, “nearly 60% of potential homebuyers said that they were open to buy a home that…continue reading

Many people believe that homeowners should pay off their mortgage before they retire as monthly payments can get more difficult to manage when you have a fixed income. Yet, many retirees and seniors find it more beneficial to go for a mortgage than buying a home with cash or paying…continue reading