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Hybrid Mortgages Defined

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Higher mortgage rates for 2014? Count on it. Could this be the year to check out hybrid mortgages, which haven’t been popular lately? Maybe.

You can count on interest rates going higher because:

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How to Buy a Home with Flawed Finances

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The housing market is showing signs of recovery after the housing crash, but many of the homeowners who were foreclosed upon during that time or forced to short sell have found their credit and finances heavily damaged. Some of those people may never want to own again, but for those who want to give it another shot, there are a few things to keep in mind this time around.

The answer to whether you can buy a home with flawed finances is ...

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It’s the Price!

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You’ve heard the old saying – “Location, location, location.”

The real truth is “Location, condition, and price.” And price trumps every other factor.

Location affects the value of a home, but it’s price that sells a home.

Oceanfront, mountainside, or penthouse, the most desirable location in the world won’t sell at the wrong price.

Every property has a potential buyer, but like rock, paper, scissors, it’s sometimes hard to know which factor is going to win the showdown.

A good location will sell at a ...

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What it means to be “pre-approved”…

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For many of us, buying a home represents one of the biggest financial transactions we’ll ever make. While the homebuying process might seem intimidating, there are some simple steps that make it easier. One of the most important steps is what’s known as pre-approval.

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5 Signs You’re Ready to be a Homebuyer

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No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise.

Buying a home is often one of the biggest purchases you’ll ever make. It’s also among the most infrequent. Knowing you’re prepared to buy a couch or a car is one thing. The last lot in a cul-de-sac is something else entirely.

The right time to pull the trigger is when you’re financially and ...

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Top 8 House-Hunting Mistakes

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Buying a home is a very emotional process, but if you allow those emotions to get the best of you, you may fall prey to a number of common home buyer mistakes. Since buying a home has many far-reaching implications – ranging from where you will live to how hard it will be to make ends meet – it’s important to keep your emotions in check and make the most rational decision possible.

 

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10 Ways to Increase the Value of Your Home

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In a dour housing market, wouldn’t it be nice to know that your remodeling project would pay off when you went to sell the property? Remodeling Magazine evaluated the top remodeling projects, how the cost-to-value has changed since the housing market implosion, and which projects are still worth the investment. Using the magazine’s “Cost Vs. Value Report for 2008-2009,” let’s look at some of the best projects you can undertake and recoup the majority of your cost.

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Rates Continue to Fall….

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Average U.S. mortgage rates rose modestly this week, a move that makes home-buying a bit less affordable. Still, rates remain near historically low levels.

Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 4.29 percent from 4.22 percent last week. The average on the 15-year fixed ticked up to 3.3 percent from 3.27 percent.

 

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Foreclosure Inventory Drops 31% in October

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Foreclosure Inventory Drops 31% in October

The foreclosure inventory rate continued to drop sharply, though the current levels still remain well above normal.

 The number of completed foreclosures in October dropped to 48,000, down 25.6% from the previous month and more than 30% from a year earlier, according to the latest report fromCoreLogic.

The current pace is still more than double the foreclosure rate of 21,000 a month that prevailed prior to the bubble.

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Home Ownership for Millenials

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Homeownership as a worthy investment has been called into question in the aftermath of the housing crash, with everyone from Suze Orman to James Altucher wondering whether a home of your own is still an important part of the American Dream.

But if it does make sense to buy a home, it certainly looks like there’s never been a better time. Trulia reports that owning is cheaper than renting by 35 percent, nationally. The reason is a combination of housing prices that are still well off their ...

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