How to Get a Mortgage Without a Full-Time, Permanent Job

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Image via iStock The growing number of gig economy workers in this country may have the freedom to work whenever they want, and sometimes from wherever they want, but when it comes to buying a home, all of that freedom has its price. It turns out employees who have many part-time jobs, hop from one short-term contract or project to … Read More

Where Renting Pays: In These Markets, Owning Takes a While to Pencil Out

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The pressure to buy a house can be intense, particularly in markets where home values are skyrocketing. People appear to be making a mint on real estate, and renting – instead of buying your own home – can sometimes feel like standing still. But that’s not necessarily the case. It takes more than two years before buying the typical U.S. … Read More

5 Reasons You Should Use a “Green” Moving Company

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Earth Day is just around the corner! Now is the time to get our green game on and get busy preserving our one and only beautiful earth. Your children and grandchildren will thank you for it. Spring also brings the beginning of the busy moving season. Pair these two occasions together and we have the perfect opportunity to make greener pastures. … Read More

Our Racially Divided Housing Market Is Changing, Thanks to Millennials

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Kieran Killeen was astounded when he bought a home in Vermont in 2002, and its title barred minorities from living there unless they were servants. They were empty words. Racial covenants are no longer legal. But Killeen, who is white, did not like having even a defunct racist restriction on his home’s title. He worked with neighbors to have it removed … Read More

Moving From a Home With 2 Bedrooms to 3 Costs an Extra $450 a Month

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Thinking about moving this year? Whether your family is growing or you’re just looking for more space, upgrading to a home with an extra bed or bath comes with a premium in most metros. To help buyers better understand their options this home-shopping season, Zillow identified how much extra “move-up” buyers could expect to spend on their mortgage if they were … Read More

6 Forgotten Housing Costs That Could Push You Over Budget

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These are costs you’ll probably never see on a lender’s checklist, but they represent real money — sometimes large amounts of it. 1. Improvements Even if your home is in great shape or brand new on the date of purchase, there will probably be things you want to change to make it uniquely yours. New carpet, paint, or countertops, perhaps? … Read More

How to Lower the Cost of Your Home Loan

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After working with your lender to determine your borrowing limits — either during pre-approval, or when applying for your loan — you may discover that you cannot or are not willing to borrow as much money as you had originally planned. Here are some reasons you may be having second thoughts: The payments are higher than you’d expected. The interest … Read More

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

The Difference Between Interest Rate and APR—Nope, They’re Not the Same

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Image via iStock Some people believe that a loan’s interest rate and its annual percentage rate (APR) are the same thing. They’re not. What is interest? Interest is the money a borrower pays to a lender for the privilege of borrowing money. If lenders did not charge interest, they would make no profit by lending money. Interest is the money … Read More