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8 August 2015
Conventional wisdom to the contrary, young people still want to become homeowners.A recent study by the Urban Land Institute[http://uli.
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27 July 2015
Cori Carl found it difficult to get a home loan from a bank in 2011, partly because she worked as a freelance marketing consultant and banks weren't too generous with loans to freelancers, who typically have an unsteady income.
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30 June 2015
Seeing the outstanding principal balance on a monthly mortgage bill can be defeating.If you're just into a 30-year mortgage or have had one for years, that grand total of principal owed can look like a dim light at the end of a tunnel you'll never reach.
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8 June 2015
The numbers are surprising: The Consumer Protection Financial Bureau[[sitetree_link,id=40]] in early May reported that about 45 million U.S.adults do not have enough of a credit history to have their own credit scores.
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29 May 2015
For many potential homebuyers, the cost of mortgage insurance can be a big turn-off.
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10 May 2015
Want to get the best deal on a home? Pay cash.Want to outbid a bunch of other buyers seeking the same property? Pay cash.Want to buy a fixer-upper that the bank's leery of financing? Pay cash.
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16 March 2015
The offer sounds great: Your lender promises that when you look for the lender that offers you the lowest rates and fees.
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23 February 2015
The idea that homeownership is a path to wealth has been behind U.S.housing policies for more than 50 years, and the effort to increase the rate of homeownership has failed miserably, according to the American Enterprise Institute (AEI).
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2 February 2015
Are you ever too old to apply for a mortgage loan? The legal answer is a definite "no." But the realistic answer is complicated.
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26 January 2015
A home is an ever-changing place, but there are some things that new homeowners can't change - or can't afford to change - when they become parents.
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19 January 2015
Plenty of expenses come with buying a home.Three of the bigger ones? Property taxes, homeowners insurance and, for many buyers, private mortgage insurance.Paying these bills can require homeowners to come up with $8,000, $9,000 or more than $12,000 a year, depending on where they live.
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15 December 2014
Coming up with a 20 percent down payment on a home can be difficult, especially for first-time homebuyers who don't have the equity that existing homeowners may have when selling one home so they can buy a bigger one.
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11 October 2014
CDs are important tools for personal financial planning.The following short items summarize some of the most important things to know about them.
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22 September 2014
From high-end condos in Hawaii to inexpensive trailer parks almost anywhere in the United States, homes on leased land are a way to own a home for a lot less money than a house on land owned by the homeowner.
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8 September 2014
Using a reverse mortgage to buy a vacation home in the Cayman Islands sounds like one of the worst uses for the federally overseen program meant to help older homeowners either fund their retirement or at least stay in their homes by no longer having a mortgage bill.
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14 August 2014
People who are looking to minimize their monthly mortgage payment sometimes consider a 40-year loan.While this can be a useful product for some borrowers, it's one that you need to approach with caution.
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7 August 2014
A mortgage loan is the most traditional, and probably the smartest way, to buy a home.You're going through a bank for a loan and the monthly payments will be the same for 30 years.
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6 August 2014
The housing recovery continues to move in slow motion, and the trend of adult children continuing to live in their parent's homes has been called one of the reasons.
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18 July 2014
To get a mortgage and buy a home, you need to have good credit.But if you're a young person just starting out, how do you establish credit in the first place if you don't already have it?.
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18 June 2014
Home remodeling projects are often seen as financial losers - their cost nearly always exceeds the increased value they add to your home.
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