Real Estate

Mortgage Rate Trends

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According to Bankrate’s interest rate survey, mortgage rates increased this week. Information to keep in mind for the Bankrate’s survey includes, a jumbo mortgage is a loan that is at least $650,000 and a basis point is one-hundredth of 1%. Here are some statistics from the latest survey: The benchmark 30-year fixed-rate mortgage increased 6 basis points to 3.93%. […]

Home Decor

Decorating on a Budget

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Decorating can not only take up a lot of time, but it can also cost a lot of money. For some quick and easy home updates, here are some decorating tips that won’t break the bank and will still be effective: One way to organize and decorate at the same time is decorative trays, plates, […]

Real Estate

Philadelphia’s 10-Year Tax Abatement Program

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Philadelphia’s tax abatement has benefited not only current and new homeowners, but also the city and its finances. It creates jobs, encourages development, attracts new homeowners, benefits owners of existing properties and more. Some may be wondering, what is Philadelphia’s 10-year tax abatement exactly? The tax abatement simply put means that if you make improvements to […]

Finances

The Tax Advantages of Buying a Home

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Aside from having your own place and setting it up exactly how you want it, there are other benefits of buying a home, financial benefits. As a homeowner, taxes become more complicated than if you are renting but it is worth it when you see the money you will save at the end of the day. […]

Finances

Why Your Credit Score Matters

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Your credit score: 3 simple numbers that largely determine quite a few important financial aspects including what type and how much credit you obtain, what interest you’ll pay and sometimes even if you are eligible for the job you want. Here are some important things you need to know about your credit score: The large three […]

Real Estate

Home Insurance 101

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It is important to know the do’s and don’ts of home insurance in order to get the most out of your investment. Here’s some home insurance 101 to help know what is covered and what is not covered. First thing’s first: Talk to multiple agents. David Thompson, an instructor with the Florida Association of Insurance Agents in Tallahassee […]

Real Estate

Interest-only Mortgages Are Back

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CNBC has informed borrowers that Michigan-based United Wholesale Mortgage, the second-largest lender through brokers in the country, announced that they are offering interest-only loans through brokers, but with important safeguards. These safeguards include; the borrower must put 20 percent down, ensuring that they have the “skin in the game” that many did not during the housing boom, they must […]

Finances

Determining How Much You Can Afford to Borrow

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How can you be certain how much you can afford when applying for a loan? Many home shoppers find a quick fix answer on websites that provide an online calculator. Simply entering your monthly income, expenses and what you believe to be your credit score in a computer program won’t accurately predict what a specific lender will […]