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Highest Existing Home Sales Since February 2007
Sales of existing homes reached their highest volume in almost six years in August. The National Association of REALTORS reported Thursday that sales of existing homes rose 1.70 percent in August to a...
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4 Quick Tips On Becoming A Young Maine Real Estate Investor
Investing in property at a young age seems like a bit of a daunting prospect sometimes. Most young people don’t have a lot of disposable income, often have poor credit and perhaps even student loans....
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How Does An Interest-Only Mortgage Work?
When you have been researching your different options for a mortgage on your home, you might have heard of an “Interest-Only Mortgage”. What exactly does this type of mortgage mean and how does it...
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When Is It A Good Idea To Use A Home Equity Loan?
A home equity loan is a type of loan that allows you to use the equity of your home as collateral. It is an option that home owners have available to them and that some people use to pay for major...
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Beware Of Zombie Titles
With the economic downturn, anyone dealing in real estate quickly became familiar with previously little-known terms such as foreclosure and short sale. Now that the housing market is picking back up...
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3 Considerations When Making A Down Payment
One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it...
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Dodd-Frank’s Latest Gift: The Qualified Mortgage Rule
The Dodd-Frank Wall Street Reform and Consumer Protection Act’s latest provision – the Qualified Mortgage rule – is going to effect on January 10, 2014. While, like many of Dodd-Frank’s other...
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Should I Shorten My Mortgage Term, Important Factors To Consider
When you first bought your home a few years ago, perhaps you started off with a 30 year mortgage. Now, you are considering refinancing and changing it to a 20 year or even a 15 year mortgage....
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ULTIMATE HOME BUYING TIPS
1. Don’t buy if you can’t stay put. If you are not sure if you will be in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of...
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Communication , Communication , Communication
In all aspects of life, business and real estate, communication is one if the single most important components to having success. Specifically working with a Realtor, communication begins at the...
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Pros And Cons Of Adjustable Rate Mortgages
When you are in the market for a new home, you may be faced with numerous options for financing your home. One of the choices you will have to make is whether to apply for a fixed or adjustable rate...
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Pitfalls And Warning Signs Of Making A Down Payment
When you already have a home, you may be interested in determining if a refinance is a good option. You will not have to worry about restrictions on down payments or some of the problems that can...
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5 Great Questions To Ask At An Open House
An open house gives you a great opportunity to look more closely at real estate you might be interested in buying. It also affords you the chance to chat with the owner or real estate agent so you can...
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4 Tips To Save For That Down Payment
In order to save up a huge amount of cash for the down payment on your first mortgage, you need a solid savings plan! When you take out a mortgage on your new home as a first time homebuyer, the more...
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3 Tips To Sidestep These Common FHA Loan Hang-ups
FHA loans are becoming increasingly popular these days as potential homeowners are not able to qualify for mortgages from traditional lenders. The FHA insures these high-risk loans, in turn allowing...
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