You are considering buying or building a new home. You cannot afford the mortgage payments without selling your present home. The market conditions do not allow you to sell your present home without suffering a huge loss. Have you considered renting your present home and using the rent to make the mortgage payments? Creative Financing...
Tag: mortgage loans
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What Are Some Typical Eligibility Requirements For Mortgages?
If you’ve ever been denied financing for a mortgage you know how deflating it can be. You may feel ready to move onto the next step and own your own home, but lenders don’t see you as a good investment for whatever reason, and it’s not a nice feeling at all. However, before you get...
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How To Get Organized And Save Money
These are affluent times that we live in. Our lives are stuffed with all of the things that we desire, from entertainment systems to ornaments to crowded wardrobes to music collections, the list goes on. Although it may be nice to have all those things in some ways, becoming overwhelmed is also very easy. Your...
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How Can I Improve My Mortgage Credit Report?
There’s a new buzzword around town. And that buzzword is “mortgage credit report.” And it’s definitely in your best interest to pay attention to this new buzzword. Because if you ever hope to buy a home it is vital to know how important these mortgage credit reports truly are. Mortgage credit reports explained So let’s...
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Can You Manage a Mortgage on Pension?
When it comes to retirement planning one of the most common pieces of advice is to pay off your mortgage as quickly as possible. No mortgage = less financial stress. But what if you want to buy a new home after you retire? Will you be able to get a mortgage and will you be...
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How Many Houses can you Afford?
When the economy in the United States started to take a turn for the worse in 2008, the housing industry was at the forefront of the problem. Being a bit more specific, it was the mortgage industry that took down a good amount of once-profitable banks, throwing the whole housing industry into turmoil. But how...
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Mortgage Loans That Impair Your Bad Credit
Are you facing credit problems in the event of bankruptcy or a home foreclosure? Or is that your credit score has dropped as a result of payment failure? Gone are the days when bad credit hindered your loan approval and lenders reluctant to approve your loans. Mortgage loans for people with bad credit have dissipated...
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Mortgage Loans Explained – Advice for First-time Buyers
Taking out a mortgage can be a difficult process for first-time buyers. Representing a loan tied to the value of a property, which is paid back with interest over a fixed amount of time, a mortgage is essential to buying a house. Banks and credit agencies may be less likely to approve a favorable rate...