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Credit Utilization Affects Your Score

Credit Utilization Affects Your Score


Credit utilization reflects how much of your available credit is being used at a given time. Lower credit utilization indicates that a borrower is not heavily relying on their credit and that they are using their credit responsibly. ...CONTINUE READING
Larger Payment, Shorter Term, Bigger Savings

Larger Payment, Shorter Term, Bigger Savings


Some people consider a house payment as basic as monthly utilities but with a plan and some discipline, you can be mortgage free. ...CONTINUE READING
Have you checked these lately?

Have you checked these lately?


Homeowners know the need to periodically check certain things around the home to ensure that things operate properly and efficiently. If maintenance is required, it may be less expensive to take care of it early rather than waiting until it is not working at all. ...CONTINUE READING
Uncle IRRRL wants to refinance your VA loan

Uncle IRRRL wants to refinance your VA loan


You don't have to have an Uncle IRRRL but you must be a veteran with a current VA-backed home loan. IRRRL is an acronym for Interest Rate Reduction Refinance Loan. To refinance with this program, also called the VA Streamline, the loan must provide a net tangible benefit (NTB) which would be in the financial interest of the Veteran.  ...CONTINUE READING
Buy Before You Sell Options

Buy Before You Sell Options


The decision to buy first or sell first, has always been a little of the "Which came first: the chicken or the egg?" type of question. Is it better to buy another home before you sell your current one or sell the current one before you buy the replacement? ...CONTINUE READING
Removing or Adding a Person to a Loan

Removing or Adding a Person to a Loan


In divorce situations, it is common, for the spouse who keeps the home to refinance to remove the other spouse from the loan. Equally as common, first-time buyers who don't have enough income to qualify may ask a parent to co-sign and must add their name to the mortgage. ...CONTINUE READING
Keep Your Current Home as a Rental

Keep Your Current Home as a Rental


Let's assume that you have owned your home for several years. It has increased in value and the unpaid balance considerably less than you originally borrowed. In short, you have equity in the home. You're thinking about buying another home and one of the questions going through your mind is "should we find a replacement property before we put our home on the market? ...CONTINUE READING
Cash-Out Refinance

Cash-Out Refinance


With the rapid appreciation that homes have had in the last two years, most homeowners have equity. A common way to release part of the equity is to cash-out refinance but some homeowners may not be eligible currently. ...CONTINUE READING
Encouraging Multiple Offers

Encouraging Multiple Offers


Based on the current competition due to lower than normal inventories, it is possible for a seller to find themselves on the beneficiary side of a multiple offers. Two or more parties may be trying to buy your home at the same time and because of the competition, they increase the purchase price, possibly, remove unnecessary contingencies and try to make their offer as attractive as possible. ...CONTINUE READING
No Need to Make Common Mistakes

No Need to Make Common Mistakes


A successful home sale, considered by many owners, is to maximize their proceeds in the shortest time with the least inconveniences. Just because it is a seller's market doesn't mean that homeowners can shortcut some of the steps that make it happen and they certainly need to avoid commonly made mistakes. ...CONTINUE READING

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