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11 Sep 2018
By Aadil Nathoo

Want To Buy A Home? Here’s How You Can Save Your Own Down Payment

Real Estate, ,
Burdensome student loan debt and a penchant for purchasing new electronics by 20- and 30-somethings can make saving up for a down payment on a home seem impossible. But Millennials and other potential home buyers may be surprised to discover that previous generations had money-saving challenges of their own. Consider for a moment that many of our valued elders did not have the level of opportunity to attend college and earn a high-paying job. Look further back and you may realize that the Greatest Generation suffered through the Great Depression only to fight World War II. Somehow, these outstanding Americans…
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10 Sep 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – September 10th, 2018

Financial Reports, ,
Last week's economic news included readings on construction spending, along with public and private-sector jobs growth. The national unemployment rate, weekly reports on mortgage rates and new jobless claims were also released. Construction Spending Rises in July July construction spending ticked up to 0.10 percent from June's negative reading of -0.80 percent. Year-over-year, construction spending was 5.80 percent higher than for July 2017.Public-sector construction accounted for most of the growth and increased by 0.70 percent as private-sector construction projects decreased by -0.10 percent. Month-to-month spending readings can be volatile, but analysts said that construction spending for the first seven months…
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07 Sep 2018
By Aadil Nathoo

Creative Storage Tips When Downsizing Your Home

Real Estate, ,
Downsizing at any stage of life can offer multiple benefits. Less square footage may come with a smaller price tag and usually means less space to clean. However, when downsizing a home, there's usually the question of what to do with everything. That's when creative storage ideas become essential.  Before Downsizing, Take Stock Before selecting the best storage options, it's important to first take stock of all personal items, from furniture to clothing, kitchen gadgets, and keepsakes. Sort into items to keep, donate, discard, and place in long-term storage. Long-term storage may mean investing in a self-storage unit to hold…
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06 Sep 2018
By Aadil Nathoo

4 Things You Should Know About Conventional Mortgage Rates

Mortgage, ,
Securing the best conventional mortgage rate possible can pose a challenge for even veteran property buyers. Your mortgage rate will be determined by a variety of factors that pertain to your unique financial portfolio as well as economic forces. While no one has full control over all of the things that influence the process, understanding the manageable aspects can improve your negotiation position when securing a conventional mortgage. Consider these four things that impact how conventional mortgage rates are determined. 1: Credit Is King A borrower's credit score has a tremendous impact on the final mortgage rate. The general rule…
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05 Sep 2018
By Aadil Nathoo

Does Private Mortgage Insurance Make Sense For You?

Mortgage, ,
If you are reading this article, it's entirely possible that you are considering buying a home. It's also likely that you are weighing certain financial options between a sizable down payment or taking on the expense of mortgage insurance. It's important to understand that private mortgage insurance (PMI) helps mitigate the lender's risk. It has little benefit to the homeowner, other than help facilitate the mortgage approval process. Home buyers would be well advised to understand the complexities of PMI because not everyone needs or can afford the additional cost. Do You Need PMI? PMI reduces the lending institution's loss…
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