Refinancing your mortgage can be a great way to save money. But you’re going to have to spend a little money to do it. As they say, “No pain, no gain.” That pain largely comes in the form of closing costs, and they can be significant. Here’s a detailed look at the cost to refinance a home and how you can save money now and in the future.
Category: Finance and Credit
How are Property Taxes Calculated? What to Know When Buying a Home
Taxes are nobody’s favorite thing, and most of us would rather just not think about them. But they are an important part of home ownership and need to be a consideration as you begin the home buying process. Many first-time home buyers who are unfamiliar with the details often wonder, “How are property taxes calculated, how do I pay them and how often?” To help you navigate what can seem like a complex and difficult issue, here’s everything you need to know about property taxes.
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“How are Property Taxes Calculated? What to Know When Buying a Home”
What You Need to Know About Escrow: The Do’s and Don’ts of How Escrow Works
Buying a home can sometimes be a long and difficult process. But when you find a home you love and your offer is accepted, the finish line appears near. This period is commonly referred to as “being in escrow” and there are a number of things you need to do — and not do — before closing. To help you achieve your dream of home ownership, here’s what you need to know about escrow in the form of the top do’s and don’ts when in escrow.
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How to Refinance Your Home and Save
There are many reasons why you’d want to refinance your home. Maybe you want to pay off your home faster or use part of the equity you’ve built up to fund some home improvement projects. Maybe interest rates have gone down since you bought your home and you’re just looking to lower your monthly mortgage payment and save some money. Whatever the case may be, you’re going to need a solid plan and a good understanding of your financial situation to accomplish your goal. Here’s how to refinance your home and save money in the process.
What Does a Mortgage Loan Officer Do? How to Choose the Right Lender
If you are like many heroes, purchasing a home is one of the biggest decisions you will ever make. The loan officer you select becomes an integral part of that decision. A good loan officer can provide you value and support not just during the home purchasing process but afterwards as well.
Whether you’ve just begun your search or you’re still trying to determine if a loan officer is necessary for your home purchase, here are a few ways loan officers can add value to this vital transaction, at the point of sale and beyond.
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Should I Buy a House in 2020?
Buying a house is an important decision and major investment. It’s also a step toward the American dream. Like many Americans, our heroes can be hesitant to make the leap. Many heroes often ask, “Should I buy a house in 2020?” or “When is the best time to buy a house”? It’s a great question. It’s an important question. There are many advantages to becoming a homeowner. But, if your circumstances are questionable, then it might not be the best time to buy a house. Here are some historical trends and key housing market indicators for 2020 to consider before you decide to buy a home.
FHA Home Loans for Teachers | Eligible with Low Credit Score, Minimal Down Payment
Have you been considering buying a home but a less than perfect credit score, or a lack of savings for a down payment has been holding you back? In this post, Homes for Heroes explains how you can break through those issues with FHA Home Loans for teachers. The FHA Home Loan has been helping more teachers become homeowners due to its less restrictive credit score and minimal down payment requirements.
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FHA Home Loans for Healthcare Professionals | Eligible with Low Credit Score, Minimal Down Payment
Have you been considering buying a home but a less than perfect credit score, or a lack of savings for a down payment has been holding you back? In this post, Homes for Heroes explains how you can break through those issues with FHA Home Loans for healthcare professionals. The FHA Home Loan has been helping more healthcare professionals become homeowners due to its less restrictive credit and minimal down payment requirements.
Why Rent-to-Own Homes May Not Be the Best Option
Home ownership is still a major part of the American dream for most people, and many can’t wait for the day when they stop renting and finally own their own home. But making that transition from renting to owning can be difficult, which is why some people take it quite literally, choosing to live in a rent-to-own home. A rent-to-own home offers a unique opportunity for many prospective home buyers. But that doesn’t always mean it’s a good idea. Rent-to-own agreements come with a lot of risk for both renters and sellers. Here’s a look at how rent-to-own homes work and why you may want to consider other options.
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Credit Report vs. Credit Score: What’s the Difference?
Credit reports are a historical tracking system of how you use credit. The information and data contained in credit reports is used to calculate your 3-digit credit scores. If you are planning to apply for a car loan, mortgage, or credit card, lenders will look at two things to help determine if you will follow their guidelines to pay back any money you borrow: your credit scores and credit reports.
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