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home financing

Local Stories

5 FAQs on Home is Possible

August 9, 2017
Home is possible

Saving up for a down payment on a new home in Nevada? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may help make your dream home a reality! What’s Home is Possible? It’s a grant from the Nevada Housing Division that may be used toward a down payment on a qualified home purchase. Typical program participants receive 3% to 4% of the total mortgage amount; a 5% grant is offered on conventional loans. Heroes (veterans, active service members and surviving spouses) may opt…

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Financing & Insuring

Finding Home Insurance

May 15, 2017

Purchasing home insurance makes good sense, and not just because it’s often a condition for home loan approval. It’s also a good idea for peace of mind and financial security. You definitely don’t want to find yourself wishing you’d purchased the right insurance after something unexpected happens. So if you’re in the market for a new home, check out the following tips for finding a plan that covers your home’s needs. Compare insurance quotes Consult an insurance agency with brokers that can compare costs and…

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Financing & Insuring

What Can a Loan Officer Do for You?

April 18, 2017
Couple meeting with loan officer

Loan officers work to help prospective borrowers obtain home loans (a.k.a. mortgages). But there’s more to the position than meets the eye. A lender’s loan officers assist borrowers through the mortgage lending process. They are skilled at evaluating a homebuyer’s creditworthiness (the degree to which he or she is considered likely to repay a loan), and are well-versed on the many different types of loans available in today’s market. If you are considering buying a new home, you can meet with a loan officer to…

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Buying a Home

Cost Comparison: Rent or Buy

April 10, 2017
Couple calculating finances

There are many benefits to being a homeowner. From a purely financial perspective, there are tools to help determine the cost of renting versus buying a home. Comparing the cost of renting to buying usually depends on key factors, such as budgeted monthly rent, target home price, the length of time you plan to live in the home and what your mortgage rate would be. Estimating these values can help determine if buying is financially advantageous. In addition to the actual buying costs, it is…

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Local Stories

5 FAQs on Home in Five

March 21, 2017
Home in Five: Smiling couple in front of moving boxes

Saving up for a down payment on a new home in Maricopa County? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may give you the boost you need to move up your moving day! What’s Home in Five? It’s a grant from the Phoenix and Maricopa industrial development authorities (IDA) that may be used toward a down payment and/or closing costs on a qualified home purchase. Typical program participants receive 2.5 to 3.5% of the total mortgage amount; members of the military, first…

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