An important first step for aspiring homebuyers is to decide which type of home loan will best serve their needs. The interest rate, length, down payment, borrower qualifications, and extra fees associated with different types of mortgage loans will all play a role in the decision. To help make the choice a bit easier, letâs […]
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Mortgage preapprovals more than 3 months old are generally considered out of date, but letters can last as long as 180 days. Depending on how long your search is, you may need to renew it more than once before closing on a home. Having a letter of preapproval from a financial institution can help ensure […]
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Buyers who learn how to negotiate house prices lay the foundation for a mutually acceptable deal. Whether youâre a first-time homebuyer or not, these strategies to negotiate home prices may help you score a property at the best possible price. Why You Should Be Negotiating House Prices While negotiating the price of a home can […]
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Even if youâre an amazing saver, sometimes you just donât have cash on hand at the exact moment when you really need it. For example, what if your dream home comes on the market at the right price, but your money is tied up in equity in your current home? Or you need to move […]
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Installing solar panels in your home can be one way to do your part for the planet, but the cost to purchase and have them installed might be a deterrent. Even if you know youâll save money over the long term, it may be hard to find the funds for solar panels in the interim. […]
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Few things in life are as refreshing as a cool dip in a sparkling pool on a hot day, and rather than pay to use a community pool, wouldnât it be nice to have one in your own backyard? If youâve been thinking about building an inground pool, there are several things you need to […]
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Ready to buy your own home? Thereâs a lot to consider, especially if this is your first time applying for a mortgage and youâre carrying debt. Debt is not necessarily a dealbreaker by any means. Is it a good idea to pay off debt or save for a house? Is it possible to do both? […]
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Electrical issues are the third most common cause of house fires in the United States. Updating the wiring in a house is not an inexpensive undertaking, but keeping old wiring could have disastrous consequences. Modern technology demands are also reasons for rewiring a house. Powering multiple electronic devices, having adequate interior and exterior lighting, and […]
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Thereâs something to be said for having peace of mind, even if it might cost you. For many, that can easily take the form of having a place to truly call your ownâspace that gives you privacy and the ability to customize it to your dream preferences. Deciding on a condo vs. house may hinge […]
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What is Cap Rate? Capitalization rate, also called cap rate, is the rate of return that an investor can expect to earn on a real estate investment property. Commercial real estate investors use it to determine how long it will take to recoup their investment in a given property. Many investor will roughly calculate this […]
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