House Flipping 101
Home improvement television makes flipping homes look so easy anyone can do it. But the reality is much different. You can make a lot of money or lose money to…
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Decreasing Demand or Supply Constraints?
In 2021, existing-home sales rose 8.5% during 2020, the highest level since 2006 as supplies of homes for sale fell to an all-time low of 910,000, equivalent to 1.8 months…
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About Earnest Money Deposits
When a buyer and seller agree on a purchase price and terms, the buyer shows the seller a sign of good faith in the form of earnest money. This money,…
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Late Payments and Credit Scores
Consumers who make late credit payments have no idea how badly their credit scores can be affected or how long it takes to repair the damage. According to Nerdwallet.com, a late…
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How Inquiries Impact Your Credit
Mortgage lenders depend on the information found in credit reports and credit scores. One of the numbers that cause fluctuations in a consumer’s credit scores is inquiries. Inquiries, according to Equifax.com,…
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The Real Mortgage Rate – Or Is It?
Advertised rates look tempting, but don’t be fooled into thinking that’s the rate you’ll pay. You have to qualify to receive the best rates with excellent credit and work histories.…
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Ways Your Monthly Payments Can Change
This is one of the best times to get a fixed-rate mortgage. Since interest rates have hovered near record lows for years, they’re bound to go up rather than further…
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Slowing Sales Create Opportunity
After an astonishing 114 consecutive months of year-over-year home price gains, existing home sales eased two percent on a seasonally adjusted annual rate between July and August 2021. Have rising…
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Should You Refinance to 15 Years?
Appraisals establish the value of a given home, making them extremely important to lenders, tax authorities, the housing industry, the economy, builders, buyers, and sellers. They’re integral to building home equity and…
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Compare Interest Rates and APRs
When you apply for a mortgage, you may not pay the advertised rate. The best rates are for those homebuyers with the best credit scores. However, lenders are competitive, so…
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