Home Mortgage Tips , ,

Applying for a Mortgage? 3 Easy Ways to Make the Process Easier — and Reduce Your Stress

There are more than enough details involved in getting a mortgage and moving into your own home that you'll want to know how to make the process as seamless as possible beforehand. However, there's a chance you might not be aware of the things you can do to make it a little easier on yourself. If you're currently looking for a home and are wondering how to streamline the approval process, here are some things to do before applying to minimize mortgage-related stress. Get Electronic Documentation In order to get approved for your mortgage application, you'll need to provide documentation…
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Mortgage , ,

Deciding On A Mortgage For Buying A Fixer Upper

It can be difficult to find a dream house, so many potential homeowners might be looking to save money by purchasing a home that they need to repair. Often referred to as a fixer-upper, this is a house that may require some extra work to restore to a livable condition. Not only is this a great opportunity to customize a home, but it could also be a valuable investment. At the same time, homeowners need to take out enough money to not only purchase the house but also cover the cost of repairs. How can potential homeowners decide what loan…
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Mortgage , ,

A 20 Percent Down Payment: Is This Really Necessary?

Purchasing a home is a major decision, and it could be the most expensive financial transaction somebody ever makes. Therefore, it is important to get this right. One of the biggest hurdles for a new homeowner is coming up with enough money for the down payment. A lot of people believe they require 20 percent down to purchase a home. Saving this amount of money can be overwhelming, and some people are wondering, is this really necessary? There are several key points to keep in mind.  Putting 20 Percent Down Is Not Really Necessary When taking a look at the…
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