What funds can be used for a down payment? Buying a home is a huge milestone but saving for a down payment – that can feel like a major hurdle. The good news? There are several ways to make that down payment happen, whether through savings, family gifts, 401(k) withdrawals, or even second mortgages. Understanding [...]
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Continue reading at the publisher's website.How community lending programs open the door to homeownership Did you know 86% of renters say they cannot afford to buy a home? Often, traditional mortgage options might seem out of reach, but here’s some good news. Community lending programs offer a solution and provide accessible, affordable financing options for those who might not qualify [...]
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Continue reading at the publisher's website.Common mortgage scams and how to avoid them The mortgage process is an exciting step toward achieving your future dreams, but as you navigate this experience, it's wise to be on the lookout for scammers and cheats who prey on unsuspecting borrowers. Wondering what some of the most common mortgage scams are? In this [...]
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Continue reading at the publisher's website.What is a co-borrower on a mortgage? In simple terms, a co-borrower is someone who applies for a loan along with the primary borrower and shares the repayment responsibilities. In this blog, we'll review both sides of co-borrowing. You’ll learn about the roles of co-borrowers versus co-signers, explore the concept of non-occupant co-borrowers and find [...]
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Continue reading at the publisher's website.How to make the loan process a positive one Purchasing a home is an exhilarating event that marks a major milestone in life, but such a large investment can seem intimidating at first, especially when it comes to navigating the loan process. However, with the right preparation and partnerships, even first-time homebuyers can have a [...]
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Continue reading at the publisher's website.Is a house a good investment? Few investments offer the stability and growth potential that real estate does. If you’re looking to buy a house for more than just a roof over your head, it’s important to understand the advantages and differences of home investments compared to other options before making a large financial commitment. [...]
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Continue reading at the publisher's website.5 hidden lifestyle perks of buying vs. renting Buying a home offers many financial advantages, especially when you compare it to renting. But there are other pluses and pleasures of homeownership that sometimes go unnoticed. Whether you want the flexibility to transform your space or simply wish to live on your own terms, owning a [...]
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Continue reading at the publisher's website.What is a Flex Payment Mortgage? Today, many older homeowners want the freedom to choose where to live and how to best manage their finances. If this strikes a chord with you, Guild's Flex Payment Mortgage may be a solution worth considering. It's a suite of services that combines federally insured Home Equity Conversion Mortgages [...]
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