Do You Qualify for Treasury Down Payment Assistance?
A home of your own could be within your reach.
homeownership
What Is a Gift of Equity?
One of the biggest hurdles to homeownership is down payment. Most people can afford a monthly mortgage payment, especially with interest rates so low, because itâs often not too different than a rent payment. But coming up with 20% of the purchase price is a different story. Heck, most Americans donât even have a couple [&hellip
The post What Is a Gift of Equity? first appeared on The Truth About Mortgage.
How Long Does It Take to Afford a Down Payment in Each State?
The traditional American dream typically begins with great jobs, two kids, and a family home to grow in. If youâve been dreaming of buying a house, then youâve likely considered the financial factors, including saving and budgeting for the home….
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The post How Long Does It Take to Afford a Down Payment in Each State? appeared first on MintLife Blog.
How Does Your Credit Score Compare to Your Stateâs?
Record unemployment rates, a wild swing in Americaâs GDP and homeownership rates increasing month over month. Despite these examples of economic volatility of 2020, another surprising number emerged â America has now reached an all-time average high credit score. Experian’s latest Consumer Credit Review highlights new trends regarding credit. Not only does the credit score […]
The post How Does Your Credit Score Compare to Your Stateâs? appeared first on The Simple Dollar.
Diagnosed with cancer in May, this mortgage pro crossed $100 million by year-end
Kamna Mittal (pictured) was diagnosed with stage three breast cancer in May of 2020. Just as the initial COVID-19 lockdowns were ending, the SVP of mortgage lending at Guaranteed Rate Affinity (GRA) in Palo Alto, CA. was left reeling by a life-changing diagnosis and an extremely long road through treatment and recovery. Mittal’s work as … [Read more…]
How to Save Thousands on Your Mortgage
Buying a house is perhaps the biggest and most expensive decision you’ll ever make in your life. So it’s surprising how many people don’t shop around for several lenders when buying a house. Not doing so can cost you a lot of money in mortgage monthly payments and interests over the life of the loan. …
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The post How to Save Thousands on Your Mortgage appeared first on GrowthRapidly.
How To Estimate Your Home Insurance Costs
Whether youâre shopping for your first home insurance policy or you just moved to your forever home and want to make sure itâs fully insured for the long haul, you want to know how much coverage to buy. You might use a homeowners insurance calculator or ask your insurance agent for a home insurance estimate, […]
The post How To Estimate Your Home Insurance Costs appeared first on The Simple Dollar.
3 Things You Should Know About Preliminary Title Reports
This helpful document contains a wealth of information.
5 Signs You’re Better Off Renting
We all know the benefits of buying a house to live in. Not only you can live in it, but also you can rent your house to produce monthly passive income. Owning a house also has significant tax benefits as well as equity from appreciation. In brief, buying a home can be very rewarding. However, …
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The post 5 Signs You’re Better Off Renting appeared first on GrowthRapidly.
Use These Mortgage Charts to Easily Compare Rates
One of the things prospective home buyers and existing homeowners seem to care most about is mortgage rates. And for good reason – the interest rate you receive on your home loan dictates what you’ll pay each month, sometimes for as long as the next 30 years. That’s 360 months! The rate you receive can [&hellip
The post Use These Mortgage Charts to Easily Compare Rates first appeared on The Truth About Mortgage.