Tag Archives: Down payment

The 6 worst mortgage mistakes you can make

This is an article written for MoneyTalks News by Maryalene Laponsie. It has some excellent advice about the process of getting a home mortgage. It has been slightly edited. To see the original article, go here. Is your house your … Continue reading

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What Do I Do Now? part 5 – Contract to Close

 Now that you have a contract, everything shifts into overdrive to get the deal done. There are several things you will need to do before close. You’ll need a closing company to help you with the transfer of the Title … Continue reading

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10 Terms First-Time Homebuyers Should Know

We’ve been working through the step-by-step process of buying a house. Today I ran across an article on U.S News and World Report by Geoff Williams that is very informative on the subject so we’ll follow a little detour and … Continue reading

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What do I do now? part 1 – Getting Started

You’ve made the decision. Apartment living just isn’t going to work anymore. Too many rate increases, too much noise, and one too many dings in your car doors have convinced you it’s time to think about putting a few feet … Continue reading

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One-third would do it. Would you?

  A recent survey by BMO Harris Bank revealed that most people who go into the home buying process (61 percent) have a budget in place for their purchase. They know how much house they want and what it will … Continue reading

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What is a MIP? Will it hurt me?

I have good news and bad news. The good news is, you’re getting the house loan. The bad news is, there’s a MIP included in the payment. MIP is an abbreviation for Mortgage Insurance Premium. When you pay it each … Continue reading

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Buying a home with no money down

Before the housing bubble popped in 2008 there were a number of different ways to finance a home purchase. There was the conventional 20% down payment. There were adjustable rate mortgages that started with low monthly payments and a temporarily … Continue reading

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10 Home Staging Tricks to Help Your Home Sell Quicker

Selling your home is more art than science. There are some things you can’t change about your home: where it is located, for example. But among the things you can do is to make it stand out when prospective buyers … Continue reading

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4 Tips to Determine How Much Mortgage You Can Afford

Buying a house without first knowing what kind of financial shape you’re in is a bit like going to the grocery store on an empty stomach. You’ll see all types of properties that you would love to live in but … Continue reading

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