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Financing & Insuring

Financing & Insuring

How to Use a Mortgage Calculator

January 9, 2019

Mortgage calculators are an underappreciated example of how the web has made home shopping easier, smarter and flashier. OK, maybe not flashier, but definitely easier and smarter, as they can provide quick insights into whether you’re able to afford a mortgage, and if so, what you’ll want or need for a down payment, monthly payment, etc. Check your borrower profile below to see which mortgage calculators you might find useful. Keep in mind, however, that while these will give you good ballpark figures, they won’t…

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Financing & Insuring

How to Manage Your Credit Score During the Holidays

December 4, 2018

The holidays are a tempting time to splurge, but if you’re planning on purchasing a home in the near future, keep a close eye on your bills. ‘Tis the season for spending, but the five tips below will help keep your credit score in great shape. Check in Forget making a list and checking it twice—check your credit score instead! It can be easy to forget where you’re at, and keeping your score top of mind is a great way to prioritize your credit goals…

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Financing & Insuring

What is a VA Loan?

November 9, 2018

A VA home loan is a mortgage loan guaranteed by the Department of Veterans Affairs. It was designed to help the men and women of the U.S. armed forces buy, refinance or improve their homes. Because VA mortgages are backed by the government, the risk to lenders is low—allowing them to offer VA loan rates that are generally more favorable than conventional loan rates. Other benefits of VA loans may include: Purchasing a home with no down payment, subject to VA guidelines in your area.…

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Financing & Insuring

The Truth About Mortgage Rates

November 5, 2018
Loan Application

Afraid you’ve missed the best rates? Good news: They’re still great! You’ve probably heard that mortgage rates are on the rise—and may climb higher soon. That doesn’t mean that now isn’t a smart time to buy. See how this year’s rates stack up against historical averages. The takeaway: Minor rate fluctuations don’t have to be the deciding factor in a new home purchase. Concentrating on factors you can control (your savings, your credit score, your employment record) may help more than waiting for a lower…

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Financing & Insuring

Who can qualify for a VA loan?

September 18, 2018

Zero money down.* Limited closing costs. No monthly mortgage insurance premiums. Borrower’s choice of a fixed-rate or adjustable-rate mortgage. Sounds nice, right? They’re all potential perks of financing your home with a VA loan, but you have to belong to a very particular subset of homebuyers in order to qualify for one. To assess your eligibility, see if any of the following criteria describes you. ☐ Active member of the military ☐ Military veteran ☐ Served in the Selected Reserves or National Guard for at…

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