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Having to leave school before finishing your degree is common.  Especially during the coronavirus pandemic, more students may have left school to help their families or to start working and earning money. Your student loans stay with you even if you leave school, and your loans will enter repayment. While they can’t be erased, student […]

Submitting your first mortgage application or seeking preapproval for a home loan is just the first step in what sometimes can be a long, winding journey to homeownership. One you complete and send the application, you’re now at the mercy of loan underwriters, who are responsible for digging into all the details of your financial […]

The financial fallout from a divorce often catches people by surprise. When you’re going through an emotionally difficult life experience, money matters may take a back seat until the dust settles. But addressing financial issues early on will make the transition easier. That’s why, if you or your spouse have student loans, you should understand […]

After you pay off your mortgage, you might gain a newfound sense of pride in your home. You really, truly own it. You’ll likely have extra money every month and face a much lower risk of losing your home if you fall on hard times. You may need to do more than make your final […]

Mortgage rates remained unchanged today, giving buyers and homeowners (who want to refinance) a shot at snagging some of the lowest rates on record. Today, the average rate on a 30-year fixed mortgage is 3.13%, according to Bankrate.com, while the average rate on a 15-year mortgage is 2.41%. On a 30-year jumbo mortgage, the average […]

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A stroll in Pablo Picasso's footsteps in Montmartre; breathing in the scents of Provence; a walk along D-Day beaches: These and all of France's other attractions will again become easily accessible from next week to most foreign tourists — if they are vaccinated.

One way the U.S. government has issued student loans is through the Federal Family Education Loan Program (FFELP). While the program ended in 2010, there are still many borrowers with FFELP loans. As of the end of 2020—the most recently available data—11 million people had outstanding FFELP loans, with balances totaling over $245 billion. If […]

Fannie Mae announced today that it would extend its forbearance program on multifamily properties until Sept. 30, 2021. This means that Fannie borrowers who own multifamily properties that they rent out can ask their lender to push out their monthly payments due to financial hardship from the Covid-19 pandemic. In doing so, the borrower also […]

If you dream of becoming a homeowner, but bad credit is getting in the way of making it a reality, a subprime mortgage might be a better option. While these loans are designed for higher-risk borrowers, they do come with some risks of their own. Here’s what you should know before considering a subprime mortgage. […]

Getting a mortgage when self-employed can often be harder to accomplish than if you were simply an employee of a company. It requires more paperwork preparation, constant attention to detail and being realistic about your income and what you can afford. To make a better housing choice in the long term, it can also require […]

MoneyTips

For years, you have been dreaming about buying your first home and now you are debating taking action. Are you ready to enter the home buying market? Consider these seven signs before taking the plunge.

1. Having Job Security – Mortgage loan approvals require a steady regular income. Is your employment situation secure enough that you can commit to buying a home? Being out of work is bad enough, but being out of work with a brand new mortgage is disastrous.

2. Commitment to the Area – Generally, realtors recommend that you plan to stay in a home for a minimum of five to seven years. If your situation is still fluid, buying may not be for you. Buying a home is a long process, and you do not want to have to sell one in a rush soon after a purchase. Most of your pa...

New HomeOwner Checklist

6 Tips To Improve Your Home Purchase Offer

Bump Clauses 101

MoneyTips

For years, you have been dreaming about buying your first home and now you are debating taking action. Are you ready to enter the home buying market? Consider these seven signs before taking the plunge.

1. Having Job Security – Mortgage loan approvals require a steady regular income. Is your employment situation secure enough that you can commit to buying a home? Being out of work is bad enough, but being out of work with a brand new mortgage is disastrous.

2. Commitment to the Area – Generally, realtors recommend that you plan to stay in a home for a minimum of five to seven years. If your situation is still fluid, buying may not be for you. Buying a home is a long process, and you do not want to have to sell one in a rush soon after a purchase. Most of your pa...

New HomeOwner Checklist

6 Tips To Improve Your Home Purchase Offer

Bump Clauses 101

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