What is the Minimum Down Payment in New York?
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How to Increase Your Credit Score Fast
The government-sponsored enterprises, The Federal National Mortgage Association (Fannie Mae) and The Federal Home Loan Mortgage Corporation (Freddie Mac), require a particular minimum FICO Score. However, your lender ultimately decides…
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Getting a Mortgage When Self-Employed in NYC
About 20% of the American workforce is self-employed as small business owners, entrepreneurs, and freelancers. Being self-employed offers numerous advantages over being a salaried employee, like the freedom to set…
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The Home Appraisal Process in New York City
If you’re looking to refinance a mortgage or buy a home through a loan, the lender will need what’s called an appraisal on the home. It is an objective assessment…
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How to Get a Home Mortgage Loan in NYC
Have you decided on mortgage financing for your real estate purchase? But do not know where to start? Our mortgage guide outlines all the steps and resources you will need…
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Mortgage Rates: What Goes Up Doesn’t Always Come Down
Mortgage interest rates are going up even though, Right Now, They’re Going Down Just a few short months ago, Wall Street forecasters almost unanimously stated that mortgage interest rates would…
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Military Loans: What are the Pros and Cons of VA Loans?
For military veterans and their spouses, VA loans have become one of the most popular choices for purchasing a home. These flexible loans come with some significant financial benefits, not…
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What is Home Equity and Why is it Important?
You’ve probably heard how homeownership builds wealth, usually with the word “equity” mentioned at some point. Whether you’ve already committed to buying a home or you’re just looking into how…
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Understanding A Mortgage Note
When you’re closing on a home that requires a mortgage, there are several relevant documents you need to sign to make it official. Among these documents will be three main…
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