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8 December 2014
You might lie about your weight when it's time to renew your driver's license.You might lie to your doctor about how many doughnuts you eat each week.But when it's time to apply for a mortgage loan? That's when honesty really is the best policy.
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7 October 2014
Small business owners and the self-employed who have difficulty being approved for a traditional home mortgage because they can't provide pay stubs or tax returns to show their income are getting some relief.
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29 September 2014
Your home equity loan or home equity line of credit could dash your dreams of reducing your monthly mortgage payment through a refinance.Blame a complicated mortgage-lending quirk known as resubordination.
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30 July 2014
Thinking about applying for a USDA mortgage? You'd better hurry.The USDA is updating its maps and beginning this fall, and a lot of areas will be losing their eligibility for these loans.
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25 July 2014
Just how hard is it to get a mortgage these days? Maybe not as tough as you think.
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25 June 2014
The clock is ticking on HARP, the federal program designed to help underwater and low-equity homeowners refinance their mortgages.
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16 June 2014
Potential homebuyers routinely misjudge how much of a down payment they'll need to buy a home, often assumed they'd need 3-5 times more than is actually required.
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22 May 2014
Jumbo loan rates are very close to conforming loan rates in many markets, making bigger, more expensive homes more affordable while allowing buyers to stay within their budget.
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16 January 2014
New mortgage rules[https://www.consumerfinance.gov/about-us/newsroom/cfpb-releases-new-mortgage-rule-resources-for-consumers/] meant to protect consumers from bad lending practices may have another impact - forcing home buyers to get their financial house in order.
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26 November 2013
What's the difference between getting prequalified and preapproved for a mortgage? If you're planning to buy a home, you may have been told you should do one or the other, but be aware that they are not the same thing.
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4 November 2013
In trying to get a mortgage when buying a home, there are some home problems that can be overcome by a handyman - leaking pipes, broken doors and water stains on walls, for example.
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15 October 2013
Proving your income is a basic part of applying for a mortgage.But there's more to it than just handing over a couple of paystubs.
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20 April 2013
Getting a mortgage and buying a home offers some significant challenges for two unmarried people that traditional couples don't face.Some of those have to do with getting the loan itself; others have to do with protecting yourself in case the loan or the relationship goes sour.
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17 February 2013
A condominium offers many of the advantages of home ownership with fewer of the hassles.That is, unless you're talking about getting a mortgage for one.
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