Loans & Mortgages

Mortgage Down Payment

4 Ways to Cut Back on Your Budget to Save for a down Payment

You’ve talked to your family and have made the decision to buy a home. This means that you won’t have to throw money away on rental payments each month. However, you’re going to need to provide a down payment for the house that you want to get. Real estate agents will tell you that a standard mortgage will typically require that you have 20% of the purchase price as a downpayment. But there are ways that you can have 10%, 5% or for first time home buyers 3% for your down payment.  And it is possible for Veterans to pay Zero percent down.

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Repairs

Avoid being “house poor” by taking these 4 steps

We’ve all heard cautionary tales of new homeowners who have ended up “house poor.” Yes, their homes may be gorgeous and enviable, but that asset is all they have. But in reality, they’re struggling to afford their homes and live their lives comfortably. And, if there’s one thing you don’t want to do as a buyer, it’s to find yourself in a similar position. Here are the steps you can take during your home search to ensure you find a home that works with your wallet and keeps you comfortably in your budget:

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The Truth about Car loans

How to Find Appropriate Financing for Your New Vehicle Purchase

Buying a new (or new to you) vehicle is a fun experience. The feeling you get when driving it off the lot is almost like bringing home a new baby. Unfortunately, unless you’ve followed our advice and saved, saved, saved, in advance… financing is a vital aspect of this process. There are many car loan options in the market today, some are better than others. Finding the right car loan is essential in making a good purchase. Now is the time to start looking at options in your area.

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What to Know About Getting a Loan for the First Time

There comes a time in most people’s lives when you find it necessary to go through the process of applying for a loan. It may be for a car, a home, or to help pay for school tuition, but the underlying process of getting a loan is what fuels the consumer economy of the United States. You might not know how to think about this new financial aspect of your budget though, so here are a few things everyone should understand about the American credit and debt industry.

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Big Costly Decisions: Are You Ready to Take on a Mortgage?

Buying a home is the biggest single purchase most people will make in their entire lives and so it is also an opportunity to make one of the biggest mistakes as people learned beginning in 2008. Up until then the new millenium only included rising home prices and so even a bad deal would come out good if you waited long enough. But then according to RealtyTrac, in 2007 the tide began to turn and over a million foreclosure filings were recorded.

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