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Do Lenders Require a Home Inspection for Mortgage Approval? Securing home financing can feel overwhelming. Lenders ask for a lot of information not only about you but the property too. It’s their job to make sure the collateral is worth…
The benefits of downsizing to a smaller home Downsizing to a smaller home can be a major life decision, but it can also come with a variety of benefits. As people get older, they may start to consider downsizing to…
How Long Does It Take to Close on a Home? The journey of buying a home can be a thrilling, yet sometimes complex process. One of the most critical stages is the closing, which marks the official transfer of ownership…
FHA Loans – Who Qualifies? When it comes to homeownership, one of the greatest hurdles can be financing. Federal Housing Administration (FHA) loans present a viable solution, especially for first-time homebuyers and those with less-than-perfect credit. FHA loans, backed by…
What is a Mortgage Rate Lock? A mortgage rate lock is a way of booking or protecting your loan interest rate against fluctuations for a given period, usually 10 to 60 days. In other words, you strike a deal with…
How a Temporary Interest Rate Buydown Can Make a New Home More Affordable Mortgage interest rates are at a twenty-year high. Combine that with the recent run-up in home prices and the result is that many would-be home buyers have…
Maximize Your Home-Buying Power: Strategies to Boost Your Down Payment Buying a home is an exciting journey, but it often comes with its fair share of challenges, especially when it comes to saving for a down payment. The more you…
Raleigh, NC, has secured its position as the second-best performing city in the United States economy, according to the annual Milken Institute report. This ranking reaffirms Raleigh’s status as a vibrant economic hub and holds significant implications for both current…
When it comes to purchasing a home, securing the right mortgage is a pivotal step in the process. To ensure you make informed decisions and choose the mortgage that best fits your needs, it’s essential to ask the right questions…
Before you embark on your journey to homeownership, it’s crucial to determine how much home you can afford comfortably without straining your finances. Here are some strategies to help you find that sweet spot: How to Determine What You Can…
