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Don’t Let Confusion With Mortgage Jargon Cost You

A recent study of US and UK home buyers, conducted by the London based Nationwide Building Society, found that more than 40% of people buying homes were confused by the jargon that lenders used to describe mortgages. When it comes to taking out a mortgage on your home, could confusing mortgage jargon be costing you money and causing you to make ill-informed choices? According to the study, only 31% of home buyers understood what the term "LTV" meant, an acronym that stands for "loan to value" and describes the ration between the amount of the mortgage and the value of…
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What’s Ahead For Mortgage Rates This Week-September 30, 2013

Last week brought a variety of housing related news. Highlights included the S&P/Case-Shiller Home Price Index for July, which showed a 12.40 percent year-over-year increase in national home prices. This was up from 12.10 percent in June. The FHFA Housing Price Index reading traces home prices on properties securing mortgages owned or backed by Fannie Mae and Freddie Mac. The year-over-year reading for July showed an increase of 8.80 percent as compared to a year-over-year reading of 7.80 percent in June. Rising mortgage rates and rising home prices have caused some buyers to leave the market, while others are jumping…
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5 Cool Ideas For Green Home Remodeling

Every home seems to have a never-ending remodeling list. As you consider tackling your next project, it usually pays off if you also think about helping the environment. Green remodeling can last longer, utilize recycled materials and typically end up saving you money in the long run. Below are several environment-friendly ideas that will have your neighbors green with envy. 1. Rain Gardens Rain gardens are a shallow depressions in your yard planted with native shrubs and flowers. When there is a large rainfall, all the water rushes along roadways picking up dirt and pollutants along their way to drainage…
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4 Quick Tips On Becoming A Young Real Estate Investor

Investing in property at a young age seems like a bit of a daunting prospect sometimes. Most young people don't have a lot of disposable income, often have poor credit and perhaps even student loans. When you are in your early 20s, you are not likely thinking about investing in property and are probably focusing on other things. However, investing in property at a young age can bring you a lot of advantages. It requires a different approach and style and you might be the only one of your peers who is doing so, but you will definitely reap the benefits…
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