Self Employed? Here Are Some Tips to Obtaining a Mortgage

March 13, 2018 | Blog

It’s not as easy as it once was for the self-employed to obtain mortgage financing. A few years ago, you could tell your banker how much you made, look them in the eye and then promise you would make your payments. As long as you had a great credit rating, that was good enough then, but […]

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Top 6 Ways Buyers Mess Up When Trying to Obtain A Mortgage

March 9, 2018 | Blog

Getting a mortgage is, by general consensus, the most treacherous part of buying a home. In a recent survey, 42% of home buyers said they found the mortgage experience “stressful,” and 32% found it “complicated.” Even lenders agree that it’s often a struggle. “A lot can go wrong,” says Staci Titsworth, regional manager at PNC Mortgage in Pittsburgh. If you’re out […]

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Mortgage down payment: What it is, who it goes to and where it comes from

March 6, 2018 | Blog

What is a down payment on a home? The down payment is money you give to the home’s seller. The rest of the payment to the seller comes from your mortgage. Down payments are expressed as percentages. A down payment of at least 20 percent lets you avoid mortgage insurance. To explain how bankers and […]

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Last Day to File Homestead Exemption is March 1st – Quick Access Links to File

February 16, 2018 | Blog

The March 1st deadline to apply for a Florida homestead exemption is rapidly approaching.  If you moved to a new home within the last year, this is a deadline you do not want to miss.  This article will explain the benefits of the Florida homestead exemption, the requirements for an exemption, how to apply for an […]

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Simplifying the Home Closing Process

February 13, 2018 | Blog

The home closing process is the final hurdle in the race of buying a house and becoming an official homeowner. You are probably anxious to complete the process, and the last thing you want are last-minute surprises. Here are several ways you can ensure the closing goes smoothly. Understand the Closing Process Before you enter […]

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Tips on How to Reduce Closing Costs on Your Mortgage

February 6, 2018 | Blog

When you take out a mortgage, whether it’s for a purchase or a refinance, you must pay “closing costs,” which can vary considerably from transaction to transaction. There are fees that must be paid to the bank/lender, along with optional ones, such as mortgage discount points, and fees that must be paid to third parties, such […]

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Most home-equity loan borrowers don’t understand how Trump’s tax code affects them

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Homeowners with home equity loans may be reaping the benefits of deducting interest paid in 2017, but they shouldn’t get used to it. They could be in for a shock come tax season next year The Republican tax reform law killed the interest deduction on home equity debt. Previously, borrowers could deduct the interest paid on up […]

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The 10 Worst Things You Can Say to Your Mortgage Lender

January 31, 2018 | Blog

Getting a mortgage loan is an involved process that requires a full examination of your financial background. You’ll likely have to answer countless questions and complete a mountain of documentation — and you’ll probably have your own questions to ask and comments to make. Be careful about what you say to a mortgage lender, however, […]

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Top 13 Questions to Ask Your Mortgage Lender

January 30, 2018 | Blog

Buying a house is exciting — and stressful. Getting a mortgage can be one of the most stressful aspects, so it helps to be prepared. Here are 13 questions to ask a mortgage lender, which will help you understand the homebuying process. To ensure you get all the info you need as you’re making decisions and plans […]

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What’s the Difference Between APR & Interest Rate in Mortgage Terms?

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APR versus interest rate: What’s the difference? If you’re applying for a mortgage, these are two financial terms you need to understand. APR stands for “annual percentage rate,” or the amount of interest on your total loan that you’ll pay annually over the life of the loan. It’s slightly different from the interest rate, which is the cost you’ll […]

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