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7 Things You Need to Know About an FHA Loan

July 11, 2018 | Blog

What is an FHA loan? An FHA loan is a type of government-backed mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development, or HUD. FHA borrowers pay for mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Comparing FHA loans vs. […]

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Mortgage Rates in the U.S. Continue to Fall

July 9, 2018 | Blog

U.S. mortgage rates dropped again this week marking drops in five of the last six weeks, according to Freddie Mac. The 30-year fixed mortgage averaged 4.52 percent for the week ending July 5, down from 4.55 percent the previous week. A year ago, mortgage rates stood at 3.96 percent. Low mortgage rates have aided U.S. […]

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5 Ways Inventive Recipes for your 4th of July Hot dogs

July 2, 2018 | Blog

With the Fourth of July quickly approaching, grills all across the country are getting ready to heat up. Burgers and hot dogs are always Fourth of July crowd pleasers, but how can you make your barbecue the standout in your neighborhood? Try these twists on the classic hot dog to surprise friends, family, and hungry […]

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First Time Home- Buyer Guide 2018

June 25, 2018 | Blog

You’re thinking about buying your first home in Florida and you’ve got a lot of questions.  You want to know what programs are available to help you and you want to know about the home buying process. That’s why we’ve developed this step-by-step guide to help first time homebuyers in the state of Florida from […]

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What the Fed’s interest rate hike means for mortgage rates

June 15, 2018 | Blog

What the Fed’s interest rate hike means for mortgage rates The Federal Reserve lifted the federal funds rate on Wednesday by a quarter percentage point to a range of 1.75 percent to 2 percent. Two more rate hikes are expected this year. If you’re a homeowner with a fixed-rate mortgage, rest easy. If you’re a homebuyer and are […]

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The Absolute Worst Mortgage Advice That Home-buyers Actually Believe

May 11, 2018 | Blog

Getting a mortgage is a daunting prospect, which explains why so many people seem eager to pat your hand and say, “Let me give you a little advice.” Sure, those pearls of wisdom may come from an ocean of good intentions, but the suggestions might not necessarily be right for you. In fact, they could be dead wrong. So […]

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3 Leading Reasons Mortgage Applications Are Denied

May 1, 2018 | Blog

After the financial crisis of 2008, getting approved for a mortgage became much more difficult. Ten years later, lenders have started relaxing lending standards again. However, millions of Americans still get denied when they apply for a mortgage. LendingTree (which owns MagnifyMoney, where I work) analyzed over ten million mortgage applications from the FFIEC (a government agency) to determine the […]

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14 Factors That Can Stall the Mortgage Closing Process

April 26, 2018 | Blog

Once you find your dream house and your purchase offer is accepted, you need to get through one more step before you move in: mortgage closing. The time it takes to close on a home will vary from one person to the next. When everything goes right, loan closings can be completed in as little as 21 to 28 days, […]

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A Beginners Guide To Refinancing Your Mortgage

March 30, 2018 | Blog

What You Should Know Before Refinancing Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out […]

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Awesome advice for home- buyers on mortgage rates

March 28, 2018 | Blog

Mortgage rates are on the rise and home prices are steadily climbing. Can you still hope find your dream home and afford it, too? The question is top of mind for service members changing station, or transitioning out of the military. First-time homebuyers are in the same boat. “Rates have been low for quite some […]

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