What Does Your Credit Score Tell You?
When you apply for a loan or a mortgage, the first thing the lender does is to check your credit score. Based on your credit score, the lender decides the amount of finance you are eligible for and the interest rate at which you will be charged. So what is this credit score and how does it ...
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Buying Foreclosure Property
Every investor who wants to buy a foreclosure home has the sole objective of optimizing the value of the property. Usually, investors go about this by buying out the equity from the homeowner. This act relieves the owner of payment problems and also allows the investor to obtain equity in the ...
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Tips for Single Homebuyers
In the last few years, homes have became increasingly owned by single homeowners. Many single people are realizing that there are many benefits to owning a home that aren't just for married couples.Single homebuyers face unique challenges in buying. They have to compete with dual-income households, ...
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Before Selling Your Home
Here are some important steps you should take before you put your house on the market:1. Home Loan Approval for your next HomeYou dont want to be signing a contract to sell your house before knowing if you are qualified to buy another. Your financial circumstances may have changed since your last ...
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Home Buying Process - Pointers
Before you rush out to purchase a home, there a few tips that might help you get a great deal on the home of your dreams. First, before anything else, it would be in your best interests to talk with a lending company and receive a pre-qualification letter. This letter will let you know exactly what ...
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5% Down Vs. 10% Down - A Comparison
It has always been an issue for home buyers to save their down payment. Many people, on advice from various people wait to save 10%, rather than moving into the home sooner with 5% as a down payment This is not always a good idea. Let me explain;We have 2 young couples, the Jones' and the Smiths. ...
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Hawaii Mortgage and Home Loan Trends
One of the latest trends in the mortgage industry in the Hawaiian islands involves pre-approving borrower loans. Prospective buyers will know what they can afford before shopping for a home. When you pre-approve, home sellers and real estate agents will know you are a serious buyer. Being approved ...
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What Does the Term "Market Value" Mean?
When a real estate agent talks to you about listing your home, you'll hear a great deal of talk about "market value," but just what's meant by that term? In this article, we're only going to be considering your single family home, because different standards and calculation methods apply to ...
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What Is A FHA Loan?
Most of us need to borrow some money at least at one point of time in our life. When we want to buy a car, to study at the College or University, when we want to buy a house or home, when we need money to start our own business - even when we use our credit cards.There are many types of loans and ...
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1031 Exchange Tax Deferred Benefits Are Hard to Ignore
OVERVIEWSection 1031 in allows you to exchange like-kind investment properties without triggering the payment of capital gains tax. As your property assets appreciate in value you have the ability to upgrade into larger properties with greater cash flow. Section 1031 also gives you the ...
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