Category: Personal Financial

Navigating Closing Costs
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Navigating Closing Costs

Taking on the home buying process is a monumental task. Between the paperwork, phone calls, and constant stress, it can be easy to forget about the cost of closing on a home. And more often than not, buyers are surprised by how expensive closing costs can be. But before you can prepare for closing costs,...

2019 FHA Loan Limits Will Be Raised
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2019 FHA Loan Limits Will Be Raised

The United States will see an increase in 2019 loan limits set by the Federal Housing Administration. Wealthier locations of the United States will have their loan limit raised to $726,525. This limit was previously set at $679,650. The floor will also be increased from $294,515 up to $314,827. Starting January 1st, 2019, these new...

Improve Your Credit Score in 3 Easy Steps
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Improve Your Credit Score in 3 Easy Steps

Staying on top of your finances is easier said than done. Budgeting, reducing spending on luxury items and overall monitoring of expenses is needed to maintain financial stability. A credit score is direct proof of your capability to pay off your debt through credit. 6 months is the usual amount of time it takes to...

Home Buying Help: What is Escrow?
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Home Buying Help: What is Escrow?

Buying a home is often the biggest purchase you make in your life. With all that money on the line, buyers and sellers AND lenders need a safe and secure way to make the transaction. In order to make sure the home sale and mortgage funds transfer take place properly, your lender will open an...

What Are Closing Costs?
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What Are Closing Costs?

When you sit down to sign the papers to buy a home, you will most likely be required to pay closing costs. Mortgage closing costs are the fees associated with the home buying and lending process. What is included in my closing costs? The types of closing cost fees can vary based on region, property...

Mortgage Rates Step Back
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Mortgage Rates Step Back

MCLEAN, Va., Aug. 16, 2018 (GLOBE NEWSWIRE) — Freddie Mac(OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that mortgage rates decreased slightly for the second consecutive week. Sam Khater, Freddie Mac’s chief economist, says mortgage rates remained mostly flat over the past week, which has been the dominant theme...