Should You Take Out a Home Equity Loan?

Should you consider taking out a second mortgage to tap your home equity or is that just setting yourself up for foreclosure? Despite there still being 11 million U.S. homeowners underwater according to CoreLogic home equity loans continue to make a comeback. Wells Fargo reports a 19% increase in home equity lines of credit in […]

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Loan Features To Avoid: Prepayment Penalties

Most mortgages do not limit prepayment of your principal, If you would like to pay twice the principal due each month, with the goal of paying off your loan early then you are free to do so without penalty. If rates fall and you’d like to refinance to a better loan after a year or […]

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4 (Weird) Threats to Your Property Value

Every homeowner likes making their house unique, but it’s not always good to stand out. Sometimes what you think gives your home character will actually drive down your property value when you list your house on the market. Here are four odd threats to your sticker price you should be aware of: 1)    Bigger Isn’t […]

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How to Stop Foreclosure

Today’s housing market can be difficult for homeowners in danger of defaulting on mortgages. The foreclosure process can be incredibly quick. In some states, if you miss just one payment without taking action, you may find yourself homeless in less than a month. If you’re concerned that you may default on your mortgage, never fear: […]

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3 Things to Know About Selling a Home

Selling a home in the current economy can be challenging, although the market is certainly improving.  Nevertheless, there are some easy guidelines that can help you get your house sold quickly, so that you don’t have to live through open house after open house: ●     Get your house in order (literally). Even before you contact […]

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How You Can Improve Your Credit Score

Improving a credit score does not happen overnight. Why? It’s because most creditors only report to the bureaus once a month. But there are a few steps you can take right now to start cleaning up your credit blemishes and here they are: Always remember to pay your bills on time because late payments can […]

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5 Hidden Home Buying Expenses

There is a lot that goes into buying a home. This is the case whether you plan on living in the property or using it as an investment. What most veteran home buyers know is that the list price is not the amount you end up spending. Between property taxes, insurance and miscellaneous closing costs […]

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