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Remove Mortgage Insurance from Your Mortgage You are not required to put a down payment of at least 20% on a new house. That’s the good news. However, you’ll be required to pay mortgage insurance if your down payment is less than 20%.  Learn about the elements that influence whether or not you can get …

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Should You Buy a Home with Bad Credit? Do you have less-than-ideal credit? That doesn’t mean you have to give up on your dream of becoming a homeowner. When you apply for a loan, mortgage lenders assess a number of variables, and there are even solutions available for individuals with bad credit. Continue reading to find …

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How New Credit Affects Your Credit Score When qualifying for a home loan and determining the interest rate, your credit score is critical. The lower the interest rate, the better the credit score must be. Therefore, any action that has the potential to negatively impact your credit score, such as taking out more credit, must be …

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What does it Mean to Cosign on a Mortgage Have you ever been asked to cosign a loan application by someone who is trying to have a house loan approved? You may be confused as to why they would ask or how this will effect you. This post will help you in understanding both of …

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Prequalified and Pre-approved: What’s the Difference? You’ve probably heard the words “pre-approval” and “prequalification” if you’re thinking about purchasing a home. There is a subtle difference between the two, even though they are frequently used interchangeably. This post will explain the difference between being prequalified and being pre-approved. What’s the Difference? Both phrases refer to …

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Home Inspection 101: A Homebuyer’s Guide A home inspection will alert you to any immediate repair issues as well as offer you an estimate of how much it will cost to keep the house in excellent shape. Let’s look at the home inspection process in more detail so you know what to expect and what the …

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Mistakes First-Time Home Buyers Must Avoid There are several common errors made by first-time homebuyers. Some are little, while others may be rather pricey. Fortunately, many of these errors may be avoided. This article will educate first-time home buyers so that they can avoid making these typical mistakes. Mistake #1: Going House Hunting Before Getting Pre-Approved When …

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Best Renovations to Increase Your Home’s Value Renovations make your home more enjoyable. Plus, if you do them right, they may even increase your home’s value. This comes in handy if you plan on selling your home in the future. But watch out! While some remodeling projects add value to your home, others do little …

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What Does a Title Company Do? The objective of a title company is to ensure that the present owner may legally transfer ownership to the house buyer — in other words, that the seller has the right to sell the property. We’ll go over how a title firm determines legal ownership and how the title …

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Some people think of DTI as a ratio, others see it as an equation. Whatever your level of comfort with the concept, here’s what you need to know about what debt-to-income ratios are and how it influences your mortgage application.

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