By Erica Sweeney, Realtor Baby boomers are having a well-deserved moment in real estate right now. Many boomers—the generation born between 1946 and 1964—are reaping the benefits of a turbocharged housing market, selling their homes with a median profit of $66,000. For the younger end of the boomer generation, i.e., those in their late 50s…
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Explaining the Good Faith Estimate on a Home Loan
By Alex Mason Buying a piece of property comes with a mountain of paperwork. However, all these documents are intended to get all the facts at your fingertips and keep you safe in case any court action should arise. One of the most important papers comes from your lender in the form of the Good…
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Pride of Ownership
They’re just three words, but they carry a lot of swagger. “It’s my house.” That simple phrase has come to mean so much more as Americans have adopted home ownership as a national dream. It’s what we strive for and how we set our goals, giving us a tremendous sense of accomplishment when we’re handed…
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Purchasing Your Home? Check Your Credit
Research shows that people who plan carefully for big purchases, like owning a home, are less likely to run into financial trouble later. So if you are thinking about buying a home this year, let’s make a plan. The first step: Check your credit. It’s always a good idea to review your credit reports and…
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Buying a House after Bankruptcy
Filing for bankruptcy doesn't have to be the end of the world. As time passes, and if you take steps to rebuild, you can be creditworthy again, even enough to qualify for a mortgage. But repairing your credit isn't the only issue you face. Depending on the type of mortgage you're looking for, the law…
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