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ByMike Gracz
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This Article Is About The Importance Of Having Homeowners Hazard Insurance For Homeowners A home is most people’s single largest investment in their lifetime. Homeowners Hazard Insurance is mandatory by lenders on homes with a mortgage. Buying a home is an exciting process. Protecting your single biggest investment should be exciting as well. Unless you…
ByAlex Carlucci
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This Article Is About Removing Negative Items To Qualify For Mortgage Gustan Cho Associates are experts in advising borrowers in rebuilding and boosting their credit scores to qualify for a mortgage. Removing negative items to qualify for a mortgage is recommended in certain circumstances but not all circumstances. We will discuss the pros and cons…
ByGustan Cho
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Bankruptcy and foreclosure both damage your credit and can make it difficult or impossible to buy or refinance a home. But one is worse than the other.
ByAlex Carlucci
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Even if you have a fixed-rate mortgage, your monthly mortgage payment can change over time. That’s because most lenders include property taxes and homeowners insurance in the monthly payment, and those elements can change over time. Property values increase and tax rates can too.
ByGustan Cho
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This article covers Credit Scores Versus Credit History Mortgage Guidelines The Importance Of Mortgage Guidelines On Credit Scores Versus Credit History One of the first questions mortgage loan borrowers ask mortgage lenders is what is the minimum credit scores to qualify for a home loan. There are minimum credit score requirements to qualify for particular…
ByGustan Cho
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This article cover mortgage rates steady as FEDS announces it will not raise rates There is no sign of a housing correction in today’s housing market. Mortgage rates remain steady at historic lows. Many homebuyers are pushing plans on buying homes sooner than later. This is because many feel rates will not remain low. This…
ByGustan Cho
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More and more individual taxpayers can now relocate and cross state lines to get more bang for the buck. More individual taxpayers are relocating to other states with lower state taxes and affordable housing.
ByGustan Cho
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Borrowers Need To Realize How Credit Balance Impacts Credit Scores To Qualify For Mortgage: The key to getting a low mortgage rate is to maximize your credit scores prior to applying for a mortgage. It can simply be done by paying down your credit card balance to a 10% credit utilization ratio.
ByGustan Cho
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What Are The Typical Mistakes Prior To Clear To Close To Avoid By Mortgage Borrowers? You should not maximize your credit cards, purchase new furniture, buy a car, bounce any checks, or apply for new credit during the mortgage process prior to the clear to close.
ByAlex Carlucci
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This Breaking News Article Is About The Survival Of Small Businesses In Illinois After Democrats Gain Control First-term rookie Illinois Governor JB Pritzker was the first governor to issue a statewide executive stay-at-home order last March 2020. What this means is JB Pritzker has shut down the whole state of Illinois in March 2020. Under…
ByGustan Cho
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This Article Is About Home Purchase Offer With Contingencies By Buyers Once home buyers have picked out the home that is best suited for them, the next step is to write a home purchase offer on the home. If you chose a home that is hot and have multiple home buyers interest in the home…
ByGustan Cho
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This Article Is About Mortgage Versus Rent Payments And Benefits Of Payment Shock Most first-time homebuyers or those folks thinking about buying a home often wonder how much more will new payments on my mortgage versus rent payments be. The new mortgage versus rent payments and the difference is often referred to as payment shock…
ByGustan Cho
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This Article Is About Homeowners Who Bailed On Mortgage During Mortgage Collapse Residential home sales have been steadily increased and so have real estate prices. Investor demand has been increasing more so this year than in the past several years and so has consumer confidence in the housing market. Many previous homeowners who have walked…
ByGustan Cho
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This Article Is About Mortgage Guidelines On Down Payment With the exception of VA and USDA loans, most mortgage loan programs require a down payment. Not everyone can qualify for a VA loan. Only active and/or retired members who have served in the United States Armed Services with a certificate of eligibility (COE) are eligible…
ByGustan Cho
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In this article, we will discuss and cover the coronavirus stimulus bill passed by the House. The House passed the $2,000 paycheck coronavirus stimulus bill on Monday. It now goes to the Senate for approval. However, many are expecting resistance from Senate Majority Leader Mitch O’Connell and a number of other Senate Republicans. The Republican-majority…
ByAlex Carlucci
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This BREAKING NEWS ARTICLE Is About How The Coronavirus Outbreak Devastate Chicago Housing Market The COVID-19 Pandemic has affected Chicago more so than any other major city in the nation. Led by the far-left liberal first time Mayor Lori Lightfoot, the city has been deteriorating prior to the coronavirus outbreak in February 2020. However, with…
ByAlex Carlucci
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This Article Is On Discouraged Mortgage Loan Borrowers Due To Lender Overlays There are many mortgage loan programs available today for home buyers. FHA Loans, Conventional Loans, USDA Loans, VA Loans, and Jumbo Mortgages. The whole mortgage industry went through a major overhaul after the 2008 Real Estate and Mortgage Meltdown. Many borrowers are not…
ByGustan Cho
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BREAKING NEWS: FHFA Increases 2021 Conforming Loan Limit To $548,250 And High-Balance Ceiling To $822,375 As expected, the FHFA Increases 2021 Conforming Loan Limit To $548,250 from $510,400. Fannie Mae and Freddie Mac are the two mortgage giants in the United States The role of Fannie Mae and Freddie Mac is to provide liquidity in…
ByGustan Cho
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This Article Is About Buying A House With Tenants Who Are Still Occupants Buying A House With Tenants Who Are Still Occupants happens if you are buying a home from a real estate investor. It is very common to have tenants on a home you are purchasing There can be benefits when buying a house…
ByAlex Carlucci
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BREAKING NEWS: Illinois Ranked As Highest-Taxed State In The Nation For Taxpayers Illinois Ranked As Highest-Taxed State In The Nation For Taxpayers and is expected to remain the ranking for many years. While other states are freezing and/or reducing taxes during the coronavirus pandemic, Illinois is doing the exact opposite What kind of idiot raises…
ByAlex Carlucci
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BREAKING NEWS: New Home Sales Surge In July Despite Coronavirus Outbreak New Home Sales Surge In July despite the coronavirus outbreak and high unemployment. Unemployment claims surpassed the $50 million mark Unemployment rates are still over 10% However, unemployment rates have been dropping month after month The Dow Jones Industrial Average hit an all-time record…
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