Resources

When lenders review your application, they like to see consistency in your finances. Here are six things you shouldn’t do when applying for a mortgage: Do not make major purchases like furniture, appliances, jewelry, vehicles or vacations Don’t change or quit your job Consult with your mortgage professional before withdrawing, depositing or moving large amounts of...
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Today’s adjustable-rate mortgages are a lot different than they were in the past. And they may be the best choice for your purchase or refinance. ARMs are smarter. Here’s why: Most people only stay in their mortgage for 5 to 7 years. Why not go for the lower rate? With an ARM, more of your payment...
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When a home buyer or investor wants to buy a cheap foreclosure, it’s easy to assume that all foreclosures sell for pennies on the dollar. However, that impression is somewhat false. It is not how foreclosures work. Especially if the home needs repairs. Your idea of a fix-up cost and the bank’s estimate might be two...
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Your mortgage may come with a 15- or 30-year term attached to it, but that doesn’t mean you have to wait that long to pay it off. In fact, if you have the funds or the will to make it happen, you can pay off your mortgage much sooner than that. But is prepaying on your...
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So you found your dream home. You’re ready to put down an offer, pack your things and make that place your own. It’s natural to be excited about finding a great property, but don’t submit that bid just yet. Even if your initial home tour went swimmingly, things aren’t always what they seem. Ask your agent...
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1st Phase Resources

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