Home Financing

Credit Scores

If you are thinking of buying a house or condo, your credit score matters. A low score can: Cause you to be unable to get a conventional mortgage. Drive up the price of your mortgage, because you are a higher-risk borrower. Sudden changes in your credit score, after...

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How to Determine How Much House You Can Afford

How to Determine How Much House You Can Afford

A lot goes into deciding on a home to purchase. The neighborhood, school zones, square footage, commuting time, the number of bedrooms/bathrooms are all important things to consider. However, the first crucial decision to make is your budget. It's far too easy to get...

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What is PMI? Private Mortgage Insurance Explained

What is PMI? Private Mortgage Insurance Explained

Anyone looking to buy a home faces a major obstacle, coming up with that hefty down payment. The standard advice is to have a least 20% of the purchase price saved up, and for good reason. Sure, there are mortgage options that allow you to make a down payment of less...

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