Build Wealth with a Less Expensive Home

Here’s a case for buying a less expensive home than you secretly want…

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Prequalify, Preapprove – What’s the Difference?

Some mortgage terms can be confusing, none more so than the similarities and differences between prequalification and preapproval. The two terms are often used interchangeably, but they mean very different things to lenders, real estate professionals and home sellers.

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How to Challenge Higher Property Taxes

According to the National Taxpayers Union, between 30% and 60% of taxable property in the United States is over-assessed, yet less than 5% of homeowners appeal their assessments.

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Buying a Condo Just Got Easier

The U.S. Department of Housing and Urban Development recently revised its condominium loan policies to allow consumers greater access to mortgage loans that are federally guaranteed through the Federal Housing Administration(FHA). After Oct. 15, 2019, as many as 60,000 additional condo units will meet FHA-certification, making them eligible for buyers to purchase with an FHA loan.

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Getting A Mortgage Loan Despite Student Debt

High outstanding student loans can keep you from qualifying for a mortgage loan, but here are two quick ways you can improve your chances of getting approved.

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Appraisals Can Protect Buyers, Sellers and Lenders

Seeing something with one’s own eyes is the best way to make an evaluation. That’s the purpose of bank appraisals, which are designed to protect banks from over lending, homebuyers from over-borrowing, and home sellers from overpricing their homes.

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Recourse and Nonrecourse Mortgage Loans

Recourse or non-recourse loans are a topic that may never come up while you’re applying for your mortgage, but it’s nonetheless important to know what they are. They’re not a type of loan like fixed rate or adjustable rate, nor are they conventional or government-guaranteed loans like FHA and VA loans.

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Your Mortgage Loan Application Checklist

When you apply for a loan, the lender will require the answers to certain questions and for you to provide specific documents. This is to make certain you’re put into the correct loan product, FHA, VA, Conventional, or other.

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