Considering a second home offers an opportunity to diversify investments and generate extra income. You might consider selling it later for profit, or keeping it as a rental for a steady income stream. Regardless of your objectives, purchasing a second home differs from acquiring your primary residence. Here are key factors to consider when deciding […]
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It is not unusual for individuals who are purchasing a new home to experience some degree of stress and anxiety during the process, especially when it involves securing a mortgage. There are numerous new phrases and concepts to grasp, as well as various expenses to dissect and comprehend. Many new buyers have questions about mortgage
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A new year often brings the opportunity and motivation to make positive changes in your life. Maybe that’s vowing to eat better and go to the gym, or perhaps pursuing new, creative endeavors outside of your comfort zone. With the calendar shift to 2023 also comes the opportunity to end the financial drag of renting
New Home, New You – Ringing in 2023 As a Homeowner Read More »
Home Prices – What Does the Housing Market Look Like From Here? What does the housing market forecast look like as we head into the second half of 2022? Between the pandemic and uncertain economic conditions, a lot of the past few years has been unpredictable. Now, with housing prices and interest rates steadily climbing,
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How to Qualify for a Mortgage as a Self-Employed Worker or Business Owner Applying for a mortgage can feel especially daunting if you are self-employed, whether you’re a gig worker or run your own business with employees. While the self-employment mortgage criteria is the same (same income, credit, debt and down payment requirements), proving financial
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Rising Mortgage Rates 2022 Mortgage rates are influenced by a variety of factors but generally reflect the general economic conditions of the time. When the economy is better, people can afford to borrow more. Through the pandemic and unemployment concerns, mortgage rates have been at historic lows for the past two years. Going into 2022,
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If you are financially able, buying a second home for your child to live in is a decision that may benefit both of you. Of course your child benefits from the lifestyle stability of secure housing, whether they are enrolled in college, making a big life change, or if you simply want to help them
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An FHA loan refers to a mortgage loan insured by the Federal Housing Administration, which is run by the Department of Housing and Urban Development (HUD). These loans are offered by the United States government to help make home ownership more accessible for those with lower credit scores and who may not be able to
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There are a lot of steps that go into purchasing a home, and it’s normal to feel overwhelmed. Finally finding a house you love and making an offer is a huge step, but it’s only the beginning of the process to actually owning the home. It is important to familiarize yourself with what happens after
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When buying or refinancing a home, you’re going to come across many terms that you may not be familiar with. Terms such as escrow are thrown around quite a bit, though many consumers have no idea what they actually mean. What is Escrow? The easiest way to describe escrow is the process of having a
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