Finances, Lending, Real Estate

So You Wanna Buy a House? Step 3: Figure Out What You Can Afford – Real Estate News and Advice – realtor.com

Welcome to Step 3 in our 2016 Home-Buying Guide, where we help you figure out how much home you can afford. Based on your budget, how much home can you afford? Finding the perfect home in your price range is a win-win! This article provides information on determining what you can afford that brings you both happiness and peace of…

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Finances, Lending, Real Estate

So You Wanna Buy a House? Step 2: The Down Payment – Real Estate News and Advice – realtor.com

Scratching together a down payment is probably the most daunting hurdle to buying a home, but it’s far from insurmountable. Coming up with a down payment can be daunting. Here are some ideas on how and where to save the money, and even some information on assistance programs. Source: So You Wanna Buy a House? Step 2: The Down Payment…

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Finances, Lending, Real Estate

So You Wanna Buy a House? Step 1: Clean Up Your Credit Score – Real Estate News and Advice – realtor.com

Here’s what you need to know about how to check your credit score and get it in good home-buying shape by spring. Are you interested in being a home owner, but your credit score shy’s you away from looking into it? This is a good article about how to work on your credit score to position yourself for home ownership.…

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Finances, Lending, Real Estate, Rental

Four reasons why 2016 is a good time to buy a home | 2015-11-10 | HousingWire

With 2016 fast approaching, now is the time for renters to get off the sidelines, start organizing their finances and take on the excitement of homeownership.But given the recent history of the housing market and Americans’ increasing need to stay mobile, it is understandable that it can be nerve-wracking to invest your hard-earned money in a home. Is 2016 your…

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Finances, Lending, Real Estate

Freddie Mac issues warning to potential homeowners on credit score scams | 2015-11-06 | HousingWire

For many consumers, the prospect of buying a home can be daunting. There are various factors that go into a lender’s decision whether to extend credit or not, and a buyer, especially one with some credit issues, has to make sure that their loan application is as red-flag-free as possible.That places many potential borrowers at risk for scammers who offer…

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Finances, Lending

12 ways to get the lowest mortgage refinance rates

If you’re considering refinancing your mortgage, you are likely eager to find the lowest possible mortgage refinance rates. But before you start shopping around for the lowest rates, experts say you should establish your objectives and prepare your finances to improve your chances of qualifying for the lowest interest rate. “First, figure out the best loan product to meet your…

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Lending, Real Estate

Freddie Mac joins Fannie Mae in extending foreclosure timelines | 2015-09-04 | HousingWire

On Thursday, Fannie Mae announced that it wasincreasing its maximum number of allowable days for a foreclosure sale in 33 states. But Fannie Mae wasn’t alone.Freddie Mac has also announced that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings in those same 33 states. As with Fannie Mae, Freddie Mac said the new foreclosure timelines apply to…

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Lending, Real Estate

Check Your Credit Score & Report Before Buying a Home | Credit.com

Your credit score helps determine the rate and conditions you receive on a loan. If your credit score is high, meaning that your credit history indicates that you’ve paid your credit card bills on time, haven’t “maxed out” your credit cards, etc., then lenders believe it’s a fairly good bet that you won’t have difficulty paying off your loan. They…

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Lending, My Home, Real Estate

5 Things I Learned to Expect When Buying a Home

Around here, I’ve developed a bit of a reputation. As “Rachel the Renter” I entertain my co-workers (and you!) with a variety of renting anecdotes and horror stories. But the truth is, I do want to eventually break up with my landlord and explore a monogamous relationship with a mortgage broker. I know “Rachel the First-Time Homeowner” doesn’t have the same alliterative ring,…

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