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How Refinancing Works

by Tammy Hines in Blog.

What is refinancing? In a nutshell, refinancing is getting a new mortgage to replace the original one. The bank or mortgage lender that grants you the new mortgage pays off your old one with a new mortgage, thus the term refinancing. Borrowers who choose to refinance do so to reduce monthly payments, lower interest rates,…

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Possible Problems from Contract to Closing

by Tammy Hines in Blog.

Possible Problems from Contract to Closing The time between putting a home under contract and closing can present a variety of challenges. Being aware of these possible obstacles can help you prepare and even prevent some of these things from happening. Acts of God such as tornadoes, earthquakes, flooding, fire, etc. Appraisal is late Family…

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Understanding Different types of Mortgage Loans

by Tammy Hines in Blog.

The process of applying for a mortgage loan can be overwhelming. Whether you are a first-time home buyer or a seasoned investor, you should be familiar with the different types of mortgage loans available to determine what type of loan will best serve your needs. Homes come in many different styles and price ranges, and…

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5 Tips For Buying A Home In The Spring

by Tammy Hines in Blog.

5 Tips For Buying A Home In The Spring Spring-time is typically the busiest time of year for the real estate industry. It’s been estimated that about 40% of home sales happen between April and July. It is the time of year when conditions are just right. The weather gets nicer, life returns to nature,…

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The Top 10 Credit Don’t During The Loan Process

by Tammy Hines in Blog.

      THE TOP 10 CREDIT DON’TS DURING THE LOAN PROCESS DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE SCORING SYSTEM. This would include adding new accounts, co-signing on a loan, changing your name or address with the bureaus. The less activity on your reports during the loan…

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