4 Ways To Pay Off My Mortgage Faster

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For most people, the mortgage payment is the biggest monthly expense. Whether you're facing retirement or still working, it would be nice to be free of this debt. Although you probably can't pay it off in one lump sum, it is possible to pay off your mortgage sooner than expected. Here are four strategies to try. 1. Make Bi-Weekly Payments You could shave eight years off a 30-year mortgage simply by breaking down your monthly payments into two payments instead of one. You'll pay the same amount each month while the interest paid over the length of the loan is…
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Down Payment Money Saving Mistakes

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Are you saving up money for a down payment? Saving money to put down on a home is always a smart idea, but there are right ways and wrong ways to go about it. Understanding how to best save for a down payment will go a long way toward ensuring you're ready when you finally find the house of your dreams. Here are four down payment money saving mistakes to avoid. 1. Not Saving Enough It's very admirable to have a goal of saving exactly 20% for a down payment. However, this is a common mistake new home buyers make.…
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8 Ways To Maintain A Great Credit Score

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Having an excellent credit score is very useful. The following are some tips on how to maintain a superb credit score. Open Credit Accounts When You Do Not Need Them If you don't have any credit accounts, you will have a low score. The best time to open them is when you do not need them. Keep a small balance on them and pay it all off at the end of each month to avoid paying interest. Charge Up To Half The Credit Limit Then Pay It All Back Within A Few Months If you must use a credit line,…
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5 Home-Buying Pitfalls To Avoid

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Buying your home can be nerve-racking, especially if it's the first time. The buying process is exciting and often complex. The chances of making a mistake are relatively high.  In today's real estate market where demand surpasses supply, you can't afford to make mistakes. And this is just the tip of the iceberg. If you are in the market to buy a house, here are five pitfalls avoid.  Not Doing Your Homework Well  Fortune favors the prepared in real estate. And preparedness begins with understanding your finances. A wise buyer examines assets, analyzes debts and gets finances pre-approved before jumping…
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5 Creative Ways To Buy A Foreclosure

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Buying a foreclosed home is easy, right? After all, they sell for pennies on the dollar, right? Well, that could be a false assumption. Buying a foreclosed property appears easy on TV, but in reality, it can be overwhelming.  Foreclosure sales continue to decline in the market from 38.6 percent in 2011 to 14 percent in 2017 but ticking up a bit in 2018 according to Attom Data Solutions, a national property data company. As foreclosure sales drop, competition for these properties become stiffer and more complex. And as home prices increase in most cities, buyers often turn to foreclosures as…
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3 Budgeting Tips to Help Make Your New Mortgage Payments Easier

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Buying a new home is an exciting time, but excitement can easily turn to stress if there isn't enough money to pay the monthly mortgage bill. The added expense can take some time to get used to, but there are ways to make the payments easier, especially in those first few months when money is the tightest. Prioritize The Mortgage Bill And Pay It Immediately This may seem like a counterintuitive tip for anybody looking for help making mortgage payments, but it is easily the best one and the one that provides the most trouble for homeowners. Late mortgage payments…
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Best Things To Do Now To Get Your Finances Mortgage Ready

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You probably already know that qualifying for a mortgage can be the biggest hurdle -- aside from actually finding that dream property -- along the path to home ownership. Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream. Take A Close Look At Your Budget If you don't currently operate with a comprehensive household budget, get started now to analyze your income and monitor your spending habits. There's no better way to prepare for home ownership than by being realistic about how you spend your money. If…
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Mistakes Seasoned Home Buyers Often Make

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It's not uncommon today to move several times during adulthood, whether across town or across the country. Seasoned home buyers have been through the real estate process, often more than once. However, even if the home purchase has become routine, there are mistakes that can be avoided. Stuck In The Past The real estate market doesn't stand still. It cycles and shifts, which is why it's often recommended to rely on a real estate professional for an understanding of the current market. Home buyers with property purchased ten years ago, likely won't have the same experience buying today. Don't get…
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