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ByAlex Carlucci
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What Is Factoring and How Does It Help Businesses in 2024? Running a business can feel like a juggling act—managing operations, paying employees, and staying competitive. Cash flow often becomes the biggest challenge. That’s where factoring comes in. But what is factoring, and how does it work? How can it help businesses thrive in today’s…
ByGustan Cho
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Buying a House in Nevada: The Ultimate 2024 Guide to Making Your Dream Home a Reality Buying a house in Nevada is an exciting journey, whether you’re a first-time homebuyer or looking to relocate to one of the country’s fastest-growing states. With its booming economy, no state income tax, and vibrant communities like Las Vegas,…
ByAlex Carlucci
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Breaking News: The Implications of the ISM Non-Manufacturing Index for the Economy and Housing Sector in 2024. The ISM Non-Manufacturing Index is more than just a number—it’s a key indicator of economic health, especially in the service sector, which includes industries like healthcare, retail, and technology. Understanding this index can provide valuable insight into whether…
BySarah Wu
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California Facing Housing Shortage: What It Means for Homebuyers and Homeowners in 2024 California has long been a dream destination for millions. Still, it has become a battleground for housing affordability in recent years. The California housing shortage is one of the most pressing issues facing the Golden State. If you’re looking to buy your…
ByMike Gracz
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Eviction Moratorium Updates: What Renters and Homeowners Need to Know in 2024 The eviction moratorium became a lifeline for millions of renters during the COVID-19 pandemic. While the federal eviction ban officially expired in 2021, many state and local governments have introduced new policies to address housing challenges. If eviction moratoriums have impacted you or…
ByAlex Carlucci
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Breaking News: Illinois to Raise Property Taxes—What It Means for You as a Homeowner In 2024, Illinois homeowners are grappling with the possibility of higher property taxes as the state faces an ongoing financial crisis. Governor JB Pritzker and lawmakers have proposed increasing property taxes to address the state’s growing pension debt, which has plagued…
ByGustan Cho
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The Feds Announce Future Rate Cuts: What It Means for Mortgage Rates in 2024 In 2024, homeowners and buyers will watch closely one major announcement: The Feds’ announcement of future rate cuts. This single decision could mean the difference between saving thousands on your mortgage or missing the opportunity to refinance at record-low rates. With…
ByGustan Cho
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Common VA Overlays: What You Need to Know for 2024 When it comes to VA loans, borrowers often need more information, particularly about qualifying for a loan. Many are told they don’t meet the requirements, even though they qualify under VA guidelines. What’s the catch? It’s something called lender overlays—additional rules that individual lenders impose…
ByGustan Cho
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Surety Bond: Everything Mortgage Brokers Need to Know in 2024 Understanding surety bond requirements is important if you’re a mortgage broker looking to expand your business or get licensed in new states. Surety bonds are more than just a box to check—they’re a way to protect consumers and build trust in the mortgage industry. In…
ByGustan Cho
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Debt Settlement Versus Bankruptcy: A Guide for Mortgage Borrowers in 2024 If you’re juggling debt and trying to figure out your next step, the decision between debt settlement versus bankruptcy can feel overwhelming. Both options can help you take control of your financial future, but they also have long-term effects on your credit, financial stability,…
ByGustan Cho
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Homebuyers do not need great credit and high credit scores to qualify for a mortgage. You can have outstanding collections and charged-off accounts and qualify for a mortgage as long
ByGustan Cho
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97 LTV Conventional Versus FHA Loans: Which One Is Right for You? If you’re like most first-time homebuyers, one of the biggest hurdles standing between you and your dream home is the down payment. With everyday costs like housing, groceries, gas, and family responsibilities, saving up for a house can feel impossible. Thankfully, low-down-payment loan…
ByGustan Cho
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How Do I Know If I Qualify For A Mortgage? All loan programs have different lending guidelines. However, you normally need timely payments in the past twelve months and need qualified income and have the ability to repay your new mortgage.
ByAlex Carlucci
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7 VA Loan Myths Veterans Need to Know in 2024 For veterans or active-duty service members, the VA loan benefit is one of the most valuable home-purchasing resources. However, misconceptions often lead veterans to miss out on these great benefits or face unnecessary hurdles. This guide covers the 7 VA loan myths veterans need to…
ByGustan Cho
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VA Loans with High Debt-to-Income Ratio: A 2024 Guide for Veterans Are you a Veteran worried about your high debt-to-income ratio holding you back from a VA loan? Here’s the good news: VA loans offer some of the most flexible options, even if your debt-to-income ratio (DTI) is on the high side. In this guide,…
ByGustan Cho
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Guide to Freddie Mac Mortgage Guidelines for 2024: Your Path to Homeownership or Refinancing Are you ready to own a home or refinance your current mortgage but find all the mortgage terms confusing? Freddie Mac’s mortgage guidelines can be your solution! In this guide, we’ll break down everything you need to know about Freddie Mac’s…
ByGustan Cho
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Fannie Mae and Freddie Mac Explained: What’s the Difference? If you’re considering purchasing or refinancing a home, you’ve likely heard of Fannie Mae and Freddie Mac—two major names in the mortgage industry. But what exactly do they do, and how do they differ? Here, we’ll break down the essentials to help you understand the difference…
ByDale Elenteny
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VA Loan Information: Everything You Need to Know to Buy or Refinance a Home in 2024 Are you a veteran, active-duty service member, or surviving spouse exploring the potential of a VA loan to buy or refinance a home? With new updates in 2024, VA loans remain one of the best options available, offering advantages…
ByGustan Cho
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USDA One Credit Score Mortgage: What You Need to Know to Qualify in 2024 If you’ve been told you can’t qualify for a USDA loan because you only have one credit score, you’re not alone. Many potential homebuyers are turned away by lenders requiring three credit scores, but that’s not the full story. At Gustan…
ByGustan Cho
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2024 Guide to Low Credit Score Pricing Adjustments: Understanding Your Options to Save on Your Mortgage Ready to buy or refinance but worried about how your credit score affects your mortgage rate? Don’t stress—understanding low credit score pricing adjustments can help you save on your mortgage. Let’s break down how these adjustments work, what they…
ByGustan Cho
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Cash to Close and Seasoned Funds for Closing: Your 2024 Guide to a Smooth Home Purchase When you’re ready to buy a home, two terms you’ll hear often are cash to close and seasoned funds for closing. These are important steps in the mortgage process, and understanding them will make your journey to homeownership a…
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