21 Nov 2023
By Mark Feder

How Will A Short Sale Affect Your Ability To Buy Another House In The Future?

Mortgage
A short sale is a real estate transaction in which a homeowner sells their property for less than the outstanding mortgage balance. While this option can provide relief to homeowners facing financial hardships, it also comes with consequences that may affect their ability to buy another house in the future. We will explore the impact of a short sale on your credit, eligibility for a new mortgage, and the steps you can take to mitigate these effects. The Short Sale and Your Credit One of the most immediate consequences of a short sale is its impact on your credit score.…
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10 Nov 2023
By Mark Feder
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How to Go From Renting to Owning a Home

Mortgage
Going from renting to owning a home can be a significant financial and personal milestone, but it requires careful planning and preparation. Here are some steps to take to make the transition from renting to owning: Determine your budget: Calculate your current expenses and income to determine how much you can afford to spend on a home. Consider factors such as down payment, closing costs, monthly mortgage payments, property taxes, and homeowner's insurance. Save for a down payment: A down payment is typically required when purchasing a home, and the larger the down payment, the lower your monthly mortgage payments…
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09 Nov 2023
By Mark Feder
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Mortgage Rate Locks: When and How to Secure a Favorable Rate

Mortgage
Securing a mortgage to purchase your dream home is a significant financial decision. One of the essential aspects of this process is locking in a favorable mortgage rate. A mortgage rate lock ensures that the interest rate on your loan remains the same for a specified period, protecting you from potential rate fluctuations. We will explore when it's best to lock in a mortgage rate and provide a step-by-step guide on how to do it. When to Lock in Your Mortgage Rate The perfect time to lock in your mortgage rate depends on various factors, and it's not an exact…
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05 Oct 2023
By Mark Feder

Simple Tips for a Stunning First Impression

Mortgage
They say, “you never get a second chance to make a good impression”, and when it comes to your home, curb appeal is the key to making a lasting one. Enhancing the exterior of your house not only adds value but also creates a warm and inviting atmosphere for both you and your guests. Here are some simple yet effective tips that will help transform your home's exterior and make it the envy of the neighborhood. Begin with a Welcoming Entrance: The front door is the gateway to your home, and a fresh coat of paint can do wonders to…
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