real cost of debt

The Real Cost Of Your Debt

I want you to take a good long look at your debt. Do you really know what it costs you to be in debt? Are you thinking that you can handle it or is it getting you down? Once you start really analyzing your debt position and the cost (to yourself) of having the debt,…
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should you F.S.B.O. or list with a realtor

Should You FSBO Or List With A Realtor

When it comes time to sell your home, should you try to sell it on your own, or should you list it with a licensed Realtor? Consider the following factors to help you decide: EXPOSURE Realtors, or real estate agents, are part of an office of agents, and each of them knows of buyers that…
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conventional versus fha loans

Conventional VS FHA Loans

Down payment – Conventional = 3%, FHA minimum = 3.5% Upfront MIP – Conventional = 0% upfront MIP, FHA = 1.75% upfront mortgage insurance premium Monthly mortgage insurance – Conventional = private mortgage insurance (PMI) rates depend on loan scenario and can be removed when LTV is 80% or lower, FHA = mortgage insurance premium…
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reasons to refinance when rates are rising

Reasons To Refinance When Rates Are Rising

Interest rates have enjoyed record lows during the last few years allowing many people to refinance and enjoy lower mortgage payments. Now, interest rates are moving in the other direction. Why would anyone refinance when rates are going up? With cash-out refinancing, you refinance your mortgage for more than you owe and keep the difference.…
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mortgage tip for first time buyers

Mortgage Tips For First Time Buyers

A home is the single most expensive thing most people will ever purchase. In addition, paying off a home loan can take as long as thirty years and will involve paying an amount of interest that exceeds the cost of the house itself. In short, buying a house is not something to be done without…
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buyers first impression

The First Impression A Buyer Gets

Your home may be a great place to raise a family or just live. The problem, of course, is a buyer does not know that and instead forms an immediate opinion on what they see first. The First Impression a Buyer Gets Love at first sight is a clichÈ, but it has an underlying truth…
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tips to qualify for the best mortgage rates

Tips To Qualify For Best Mortgage Rate

All of us would like to save money on mortgage payments, but not many of us know how to go about it. Following these simple tips on how to get the best mortgage rate can help improve your financial situation and help in avoiding mistakes before you actually apply for a refinance. For any kind…
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5 smart moves to reduce debt without credit counseling

5 Smart Moves – Reduce Debt

Being in debt can feel like having a heavy weight chained to your foot, dragging you below the surface and drowning you in unpaid bills and a deteriorating credit score. Here are 5 smart moves to unchain yourself from that debt without resorting to credit counseling. 1: Ask your credit card company for a lower…
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debt to income ratio just as important as credit score

Debt To Income Ratio – Just As Important As Your Credit Score

Your debt-to-income ratio (DTI) is a simple way of calculating how much of your monthly income goes toward debt payments. Lenders use the DTI to determine how much money they can safely loan you toward a home purchase or mortgage refinancing. Everyone knows that their credit score is an important factor in qualifying for a…
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paydown debt with the pyramid method

Paying Off Your Debt With The Pyramid Method

You probably didn’t get into debt overnight, and short of winning the lottery or receiving a large inheritance, chances are you arenít going to get out of debt overnight, either! With discipline and consistency, over time you can pay off your debt and be on the road to an improved and more manageable financial situation.…
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