This Common Mistake Can Kill Your Mortgage

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Young Couple Moving In To New Home Together In order to qualify for a mortgage, you need to show your lender that you have a down payment and access to funds for closing. This money needs to come from documentable sources prior to moving it from your bank account to your escrow account. Unfortunately, a lot of people don’t do … Read More

5 Predictions for Renters and Home Buyers in 2017

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If you’re a renter, you (and your bank account) probably know this already: Over the past decade, rents have been going up. And up. In many parts of the country, in fact, rents have been increasing at a faster rate than home values. The good news? The rate of growth has gradually slowed since its peak in July 2015, according … Read More

Checklist: What to Look for on a Final Walk-Through

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Image via iStock A few days before you sign the documents to finalize your purchase of the home, you’ll have the chance to take one last look through the property. It’s your last chance to make sure that everything with the house is in order, and that no new issues have cropped up since the inspection. What should I look … Read More

How to Create a Floor Plan Before You Move Into Your New Home

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It is essential to create a floor plan for your new home BEFORE you move. Designing a floor plan is a to-do that is frequently overlooked. Not only is it the step that saves you money on moving day, it also transforms a new house into your new home. If you have a plan for where each piece of furniture … Read More

How to Get Your Credit Ready for Homebuying Season

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So you’ve decided you’re ready to purchase a home. But is your credit where it needs to be? If not, then you’ll want to start working to improve it, as your credit helps determine the loans for which you may qualify and your monthly loan payments. We spoke with Joe Parsons, branch manager of Caliber Home Loans in Dublin, California, for some tips on preparing … Read More

5 Plumbing Problems to Look Out for When Buying a House

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When you’re searching for a new home, pesky plumbing problems can be easily overlooked — especially if you don’t know how to identify issues lurking behind the walls. Some plumbing flaws are an easy fix. Others can lead to serious damage and major financial woes if they aren’t addressed (preferably not by you!). Don’t get soaked! Before signing on that dotted line, make … Read More

How to Get a Loan for a Manufactured Home

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If you’re looking to purchase a manufactured home, or if you already own one and want to refinance, here are some things to keep in mind. Manufactured homes are not the same thing as modular homes. Manufactured homes are constructed, purchased at a dealer, and then moved to their final destination where they are permanently attached to the earth. If … Read More

The 4 Things That Will Guarantee You Get a Mortgage

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There are four things mortgage lenders look at when deciding whether to grant you financing, and having a balance of each will score you better terms and make the process go smoother. Take a look. 1. Steady Income A consistent income that is poised to continue into the future is what lenders crave. If you had a gap in your … Read More

The Low Down on New, Low Down Payment Mortgage Programs

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Potential homebuyers who can’t quite pony up the traditional 20 percent down payment have often had FHA loans as an alternative. But some lenders are shying away from these loans for legal and regulatory reasons. Over the past few months, those same lenders have begun filling the gap with their own low down payment loan products. Some require mortgage insurance, similar to … Read More