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10 Questions You Should Ask Yourself Before Applying For A Mortgage: Part 1

If you are considering applying for a refinance, it is important to understand the mechanics of your mortgage loan. Before you sit down to speak with your loan officer, you should consider preparing a list of questions you feel may need to be answered. Typically, your loan officer will be available to assist through the entire mortgage process. Here are some questions that you may need to get answers to before completing your application: 1. What Type Of Loan Is Best For Me? Your loan officer can discuss the various loan programs available to help you refinance. Some borrowers will…
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Case Shiller Price Index Shows A Spike In Home Prices In The West

According to the S&P Case-Shiller 10-and 20-City Housing Market Indices for September, home prices grew at an average of 13.30 percent year-over-year and achieved the highest growth rate for home prices since February 2006. On a month-to month basis, home prices are slowing in most areas with 19 cities included in the S&P 20-City Housing Market Index showing lower rates of growth in home prices. September's average month-to-month growth rate was 1.0 percent for the 20-City HMI as compared to 0.90 percent in August, and 1.90 percent posted earlier in 2013. Home prices increased by 0.70 percent in September for…
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What’s Ahead For Mortgage Rates This Week – December 2, 2013

The short holiday week brought a flurry of economic reports last week. Highlights included pending home sales, the S&P Case-Shiller Housing Market Indices and the FHFA home price index. No reports were released on Thursday and Friday in observance of the Thanksgiving holiday. The NAR released its Pending Home Sales report for October. Although pending home sales dropped by -0.60 percent, the decline was less than September’s reading of -4.60 percent. NAR cited higher home prices and mortgage rates along with concerns over the then-pending government shutdown as factors that contributed to fewer pending sales. Pending sales are determined by…
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Quick Tips To Prepare Your Home For The Winter

The calendar has turned and with that we receive less sunlight, colder temperatures, and shorter days ahead, it's an opportune time to cross those last-minute maintenance items off your homeowner to-do list. Practicing preventive care - both inside and outside your home - can save thousands of dollars in repairs come later this winter. What follows is a brief checklist to get you started. For Outside The Home: Inspect exterior lights and outlets. Be sure that none of the outlets are cracked or broken, or have exposed wires. Clean gutters and clear all blockages. If leaves are falling, redo after…
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