By Chereen James Change is swiftly flowing though the housing landscape of New York. New luxury buildings are being erected all over the City, and the demand for housing pushes low-income renters and owners to the outskirts and even out of the City, making way for higher-income earners and leading to a hefty rent spike.…
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Understanding Property Taxes
When budgeting to buy a home, there are more costs to consider other than your mortgage payment. While you should be able to comfortably afford your monthly obligation, make sure to plan for factors such as maintenance, insurance and property taxes. Depending on where you live, these expenses can be substantial. Your property tax dollars…
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Increase Your Buying Power
You should make sure you are in good standing to receive a loan before visiting with lenders. They are quick to shy away from borrowers who have a history of negligent payments or an excessive amount of credit. Take the time to analyze and improve your financial situation to receive optimal buying power when you…
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What to Expect When Facing Judicial or Non-Judicial Home Foreclosure
By Janet Howard Recent surveys show that a significant number of Americans are unprepared to handle an unexpected bill of $500. As many as 80% of Americans live paycheck to paycheck. A sudden job loss, illness or accident can create financial chaos. For anyone paying off a home mortgage, foreclosure and the impending loss of…
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Types of Mortgages & Home Buying FAQs
Buying a home is a big investment. For most of us, it’s the biggest loan we’ll have in our lives. The Consumer Financial Protection Bureau discusses the different types of loans, many of which are available through private lenders and partially guaranteed by different federal programs, thus offering benefits for people who qualify. Talk with…
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