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The Downsides of Working With Banks and Credit Unions for a Mortgage
When it comes to home financing, many potential homeowners often turn to familiar institutions like banks and credit unions. These traditional financial establishments are typically seen as reliable and trustworthy, with a long…
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Mortgage Rates to Improve as CPI Data Points to Positive Economic Outlook
Mortgage rates have improved as the Consumer Price Index (CPI) data points to a positive economic outlook. The CPI data shows that inflation is low and wages are increasing, which is good news…
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Revolutionizing Real Estate: ChatGPT and AI’s Impact on the Industry
As we step further into the era of artificial intelligence, many industries are undergoing significant transformations. One of the industries on the brink of an AI revolution is real estate. In the next…
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Debunking FHA Loan Misconceptions: Separating Fact from Fiction
The Federal Housing Administration (FHA) loan program has been around since 1934, helping millions of Americans achieve their dream of homeownership. However, despite its long-standing history, many misconceptions continue to circulate, causing some…
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The Undeniable Benefits of Accepting VA Home Loan Offers for Home Sellers
Many home sellers and real estate agents are hesitant to accept VA loan offers due to widespread misconceptions about the process. However, this not only does a disservice to the Veterans and military…
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Refinancing at a Higher Rate and Consolidating Debt: A Smart Strategy to Reduce Monthly Payments
As counterintuitive as it may seem, refinancing at a higher rate and consolidating debt can be a great option for borrowers looking to lower their monthly payments. While a higher interest rate may…
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The Making of a Mortgage Interest Rate: A Comprehensive Guide
Mortgage interest rates are a vital factor for both lenders and borrowers when it comes to financing or refinancing a home. The interest rate determines how much a borrower will pay over the…
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Soaring Interest Rates and the Silver Lining: Why It’s Still a Great Time to Buy a Home in 2023
Picture this: you're ready to dive into homeownership, but as you scan the horizon, you spot a pesky little cloud called "higher interest rates." Fear not, prospective homebuyer, for we are here to…
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How to OPT-OUT of those annoying calls!
If you have your credit pulled for a mortgage, your name will be sold to any mortgage company that will pay for trigger leads. Consumer credit reporting companies offer you the right to…
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FHFA Director Thompson speaks out to correct LLPA misinformation
Federal Housing Finance Agency (FHFA) Director Sandra Thompson issued a statement Tuesday to correct the misinformation that’s spread about the agency’s loan-level pricing adjustments to conventional mortgages. On TikTok and other social media platforms, misstatements circulated last week…