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Common Mistakes Home Buyers Make in the Purchasing Process
Homebuyers make typical mistakes that you should be aware of and avoid. Whether you're a first-time buyer or a seasoned house shopper, understanding these mistakes can save you a lot of hassle and headaches along the way. To guide you, here are some wrong decisions...
Is Your Income Enough to Get an Average Home in the US
The average home requires the average income. It never makes sense to earn more than you need to buy the least expensive house you can comfortably live in. "Comfortable" means no sacrifices, not even small ones. Home prices continue to rise, but you can still acquire...
Home Loans 101: What Is a Mortgagor and a Mortgagee?
Buying a home is one of the most significant investments that a person can make in their lifetime, and many people have to take out a loan to afford it. A loan that you take out to finance a property is called a mortgage, and the whole process and the terminologies...
15-Year Mortgage or 30-Year Mortgage: Which to Choose?
When getting a mortgage loan for your dream home, you can choose between two terms: a 15-year fixed-rate mortgage and a 30-year fixed-rate mortgage. Keep in mind that these two options also come with their advantages and disadvantages. If you want to explore the...
5 Things You Need to Know Before Refinancing
If you’re looking to refinance but don’t know where to begin, we can start by saying that home refinancing doesn’t have to be complicated! Although, there are certain things you must understand before applying for refinancing your mortgage. When it comes to your...
6 Unusual Income Types That Can Still Secure a Mortgage
Purchasing a house takes patience, preparation, and financial resources. A strong credit score is typically required for those who seek a mortgage. Your mortgage lender will also want to know how much income you bring in, how steady it is, and where it comes from, in...
First-Time Homebuying: 4 Signs You Are Ready to Buy a Home
Buying a house is a life-long dream of many because it offers many benefits. Besides the feeling of being safe and secure, it also gives you and your family the freedom and opportunity to renovate your property and turn it into your dream home. Unfortunately, not...
6 Mortgage Refinancing Myths You Need to Know
Is it your first time refinancing a mortgage? If so, you probably have many questions, and with the overload of information online, things can get confusing easily. Here, we will help you understand the process by dispelling some common myths. Let’s start! Myth #1:...
Financing 101: How to Get a Mortgage After Bankruptcy
Filing for bankruptcy can deal a huge blow on your credibility as a borrower. Since it will stay on your record for a while, it’s understandable that you’d be reluctant to take out considerable loans. However, it’s important to remember that bankruptcy isn’t permanent...