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Consider an Adjustable-Rate Mortgage If You Plan to Sell Within 5 Years

Which is better -- a fixed-rate mortgage or an adjustable-rate mortgage (ARM)? It's a common question among home buyers and refinancing households. The answer? It depends.
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Maximizing Your Profits: A Guide to Utilizing Construction Loans for Fix-and-Flip Projects

Fix-and-flip projects can be lucrative endeavors for real estate investors, but they often require a significant upfront investment. One key financial tool that savvy investors use to fund these projects is a construction loan. We will examine how you can leverage construction loans to maximize your profits in the fix-and-flip game.
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What’s Ahead For Mortgage Rates This Week – March 4th, 2024

A number of important consumer related data reports were released last week, giving us a clearer picture on inflation impacts and the state of the economy on a broader scale. First up, looking at the First Revision of GDP numbers, we are seeing they had fallen slightly below expectations, but still showing the economy has not deflated at all as of the result of the prior years' repeated rate hikes.
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Understanding Debt-to-Income Ratio: A Key Factor in Mortgage Approval

When it comes to securing a mortgage for your dream home, there's a crucial number that can make or break your application: your debt-to-income ratio (DTI).
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4 Common Remodeling Mistakes and How to Avoid Them

Investing in your home by remodeling or renovating is an excellent way to increase its value. However, a significant renovation project can quickly turn into a disaster, especially for those who are inexperienced. Let's take a look at four of the more common home renovation mistakes that homeowners make and how you can avoid them.
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Navigating the Impact of Environmental Factors on Property Values

As our world becomes increasingly conscious of sustainability, it's crucial to understand how the environment can shape the value of your home or potential investment.
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Exploring the Pros and Cons of Using Personal Loans and Refinancing for Home Renovations

Undertaking home renovations can be an exciting endeavor, whether you're looking to enhance your living space, increase property value, or simply modernize your home. However, financing these projects can often pose a significant challenge
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What’s Ahead For Mortgage Rates This Week – February 26th, 2024

A government holiday followed by an extremely light release schedule has led to a limited amount of data, with the FOMC Minutes being the only impactful report for the prior week. The Federal Reserve had stated they will continue to maintain their current stance in light of the most recent inflation data. With rates holding into the year, as a result, lending partners have started back tracking some of their recent rate cuts. Lastly, Unemployment Numbers are seen to be well within expectations.
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Loan Servicing Companies

What happens when you suddenly get a notice to pay your mortgage to a company you may have never heard of? How do you determine if this is a legitimate request or a scam?
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Long-Term Relationship Between Borrowers and Mortgage Originators

A good originator goes beyond mere transactions, prioritizing long-term relationships and client well-being. Look for originators who communicate proactively, offer empowering resources, provide personalized attention, maintain transparency, engage with the community, and celebrate milestones.
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When to Refi: How to Time Your Move for Maximum Savings

As with most everything, timing is often key to unlocking substantial savings, especially when it comes to refinancing your loans. Whether you're eyeing a lower interest rate, aiming to shorten your loan term, or simply seeking to tap into equity, strategic timing can significantly impact your financial outcomes.
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What’s Ahead For Mortgage Rates This Week – February 20th, 2024

Last week's release of CPI and PPI resulted in slightly higher than expected inflation rates which led to speculation that the Federal Reserve's decision to cut rates will likely come much further in the year than anticipated. There was some suspicion that if inflation rates would continue to exceed predictions, it could result in another rate hike. Lending partners have responded in kind with the first significant increase in lending rates since the end of November. However, The Federal Reserve will likely maintain its current stance.
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Exploring Your First Mortgage? Discover Why a Condo Could Be Your Ideal First Home

Are you considering taking the leap into homeownership, but feeling overwhelmed by the options? Purchasing your first home is an exciting milestone, but it can also be a daunting process. One option that may be particularly appealing for first-time homebuyers is a condominium, or condo for short. We will explore why a condo could be the perfect fit for your first venture into homeownership.
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Why It’s Important to have a Mortgage Pre-approval Letter and How to Get One

If you are thinking about buying a new home shortly, you may already be searching online to get a feel for the different types of homes available in the local area. You may have reviewed your budget, and you may have a fair idea about a sales price that is comfortable for you to afford.
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A Comprehensive Guide to Explaining Escrow Accounts

Whether you're a first-time homebuyer or a seasoned homeowner considering a refinance, the term "escrow account" often looms as a source of confusion. Yet, understanding the ins and outs of escrow accounts is crucial for managing your homeownership responsibilities effectively. In this article, we'll address some common questions and concerns regarding escrow accounts to shed light on their importance and functionality.
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Is Buying a Remodeled Home a Smart Move

While watching shows like Property Brothers, Flip or Flop, Fixer to Fabulous, Fix My Flip and Fixer Upper may paint a rosy picture of buying a remodeled home, the reality often differs significantly. While these shows depict smooth transformations and stunning results, real-life experiences with remodeled homes can be far more complex and challenging.
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What’s Ahead For Mortgage Rates This Week – February 12th, 2024

Next week is the release of Core CPI and PPI numbers for January, resulting in an extremely light week for the week. The only data release of note is the trade deficit and the usual unemployment reports. The current trade deficit for the U.S. is operating precisely within expectations and correlating GDP numbers. Next week will provide further guidance for the Federal Reserve as the next release of inflation data is released.
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Home Renovation ROI: Which Upgrades Add the Most Value to Your Property

Welcome to the world of home renovation, where dreams meet reality and your property's potential is waiting to be unleashed. If you're contemplating a home renovation project, you're likely wondering which upgrades will not only enhance your living space but also add significant value to your property.
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Navigating Mortgages as a Self-Employed Professional: A Guide to Non-QM Lending

For self-employed professionals, the mortgage process can feel like passing through a maze, fraught with challenges and uncertainties. Traditional lending standards often favor individuals with stable, predictable incomes, leaving entrepreneurs and freelancers in a precarious position.
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Strategies for Turning Fixer-Uppers into Profitable Investments

Home flipping - a journey that transforms neglected fixer-uppers into profitable investments. If you're considering entering the real estate game or looking to enhance your flipping skills, you've come to the right place.
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