Mortgages

If you’re the spouse or surviving spouse of a U.S. Armed Forces veteran (including the U.S. National Guard), you may qualify for a U.S. Department of Veterans Affairs (VA) loan – either as a co-borrower or sometimes as a standalone applicant.  Considering everything spouses of active service members and veterans do for their families, as
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Traditional homeowners and renters insurance does not cover earthquakes, making earthquake insurance one of the few options available to people in high-risk zones like California, Hawaii or Alaska. While many homeowners skip earthquake insurance due to high costs, that doesn’t mean you should make the same choice.  To better understand the advantages and disadvantages of
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Wondering if your homeowners insurance policy covers plumbing? Whether you’re experiencing a plumbing issue or want to understand your policy better, it’s good to be prepared.  Homeowners insurance protects your property from the unexpected, like fire or storm damage. Luckily, many plumbing mishaps are covered. But when they aren’t, reviewing your policy and understanding what’s
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After you buy a home, the first thing that probably comes to mind is how much it’s going to cost you every month. There’s the monthly mortgage payment, insurance, repairs, maintenance, utilities, etc. And don’t forget the taxes. Regardless of where you live, you will owe property taxes. Fortunately, most states offer an easy way
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During your home buying process, you might have heard the term cash to close. While cash to close might evoke images of showing up to closing with a duffle bag full of cash, that idea can be misleading since virtually no one uses paper money for cash to close. Though your down payment and mortgage
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If you’re exploring options for buying or refinancing a home, you might be worried about the minimum credit requirements associated with certain loans. Thankfully, when it comes to buying or refinancing a home with less-than-stellar credit, nonconforming loans can be a great solution. Nonconforming loans often get a bad rap, likely because their name implies
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Have you ever wished you could invest in real estate without spending all your savings? Well, a participation mortgage might be the perfect solution for you. A participation mortgage allows multiple people or entities to team up and share in real estate investment costs and profits, while also reducing each participant’s risk exposure on a
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Though most buyers will use a traditional mortgage to purchase their home, there are other options to explore when it comes to financing a home purchase. If you’re having a difficult time with traditional avenues of home financing – like a home loan from banks or other mortgage lenders or a Federal Housing Administration (FHA)
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When you’re shopping for a mortgage, you’ll quickly discover that the 30-year fixed-rate mortgage is the go-to for most home buyers. But maybe you’re not interested in a long-term commitment with a mortgage.  A short-term mortgage is a home loan with a shorter repayment period than a traditional 30-year mortgage. These loans are typically used
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If you spend any time around homeowners, you’ll probably hear at least one of them talk about making an extra mortgage (or principal) payment to pay off their mortgage faster. This process is sometimes called mortgage curtailment or a principal reduction (although most people don’t use that term in casual conversation). It’s a common strategy,
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