Subprime mortgages may allow borrowers with lower credit scores to obtain homeownership, but they will pay a steep price for the privilege, thanks to the higher risk to lenders. There is hope for borrowers who raise their credit profiles through consistent, on-time payments: They can look into refinancing. Hereâs a deep dive into the subprime […]
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Seniors have traditionally been the targets, but an urgent demand for home improvements born of the work-from-home spike, a dearth of tradespeople, and a shortage of building materials has increased the potential for home improvement fraud. Bringing a stranger into your home can be a leap of faith, especially if you havenât done all your […]
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Itâs possible to roll student loans into a mortgage using a cash-out refinance. In order to to do this, youâll already need to have enough equity in your home. While this could potentially help you secure a lower interest rate, itâs not the right choice for everyone. Read on for more information on situations when […]
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Spring is here, and for many people, that means seasonal cleaning and a home refresh. If youâre looking for some budget-friendly changes that will bring new life to your rooms, we have those for you. Before you start, itâs a good idea to clear any clutter you may have. If you tend to hoard, you […]
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If you get paperless mortgage statements or have autopay set up on your home loan, or even if you get statements in the mail, it might be easy to miss important information. By paying close attention to exactly what’s included in your mortgage statements, youâll avoid unpleasant surprises. What Is a Mortgage Statement? Maybe you […]
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If you donât have the cash on hand to buy land, you may have considered using a personal loan for the purchase. Using a personal loan to buy land can be an option, but there may be others depending on your financial situation. Here, youâll get information that might help if youâre wondering if you […]
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Buying a home can be one of the biggest and most exhilarating purchases of your lifetime. Especially in a time when young people are having more difficulty locating affordable housing, finding yourself in a situation where you think you have finally saved up enough money for a down payment on your first home can be […]
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A mobile home, also referred to as a manufactured home, is a style of home built in a factory. This factory-made home is then placed on a trailer chassis, a set-up that allows the owner to move the home if need be. In many cases, the owner rents or leases the land their mobile home […]
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Despite the Fair Housing Act of 1968 and other federal laws, a large race gap in homeownership continues to exist across the United States. The Black homeownership rate in the fourth quarter of 2021 stood at 43%, compared with 74% for non-Hispanic whites, according to the U.S. Census Bureau. A large race gap in homeownership […]
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Looking for a home thatâs ready to live in right out of the box? A modular home may be the right fit, but there are reasons to possibly hesitate. By the way, itâs easy to confuse modular homes and manufactured homes. Modular home components are constructed in a factory and put together on a permanent […]
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