Image via PxhereAre you saving up for something big? Maybe it’s your dream house, or maybe you want to make sure you have a rainy day fund. Whatever your reason, a money market account is a great option for growing your savings while earning interest and still having access to your money, too. But, not […]
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How Much is Mortgage Insurance
How much is mortgage insurance? It’s not an uncommon question when you’re faced with the decision to include it in a mortgage payment or use a down payment to avoid it. Buying a home is expensive, and there are still many people who feel they cannot afford to buy a home because they don’t have […]
HARP Loan: How It Worked & Everything You Should Know
The federalized Home Affordable Refinance Program (HARP loan) is a refinance program that targets underwater homeowners. It was introduced in 2009 and allows mortgage loan borrowers with or without a fraction of the equity to refinance into cheaper home loans without additional insurance. HARP target borrowers with a loan-to-value (LTV) ratio that is equal to […]
How to Buy a Foreclosure: Our Step By Step Guide
When looking at how to buy a foreclosure, there are a couple of things you should consider. Foreclosures are usually listed well below the market value, but buying homes that have been foreclosed on require some extra effort. Before we look at how to buy a foreclosure, let us look at what a foreclosure is. […]