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Home Buying Basics

lady in dungarees looking inside a box for help as a first time homebuyer

First-Time Home Buyers – You’ve Got Help: A MoneyTips Guide

Getting your first home loan can feel like climbing a hill riddled with obstacles. From saving for large down payments and closing costs to deciphering acronyms on loan paperwork, sometimes it can feel like there’s no support for first-time home buyers. But, luckily, that’s where you’re wrong. There is help for you, and being a...

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lady sitting outside her house as a first time home buyer

What Is a Mortgage? A Guide for First-Time Home Buyers

What Is a Mortgage? To start, let’s discuss what the word “mortgage” actually means. A mortgage is a type of loan usually used to buy a home or other forms of real estate. For most of us, getting a mortgage is a necessary first step on the road to homeownership. Here’s why it matters: Using...

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Red Gift Box on Green Background

Gift Money for Down Payments: How Can I Properly Use It?

Home buying can be a challenging experience for a variety of reasons. One of the biggest challenges for home buyers is saving up enough money to cover a down payment. Maybe that’s why a study from the National Association of REALTORS® (NAR) found that in 2019 more than 32% of first-time home buyers got a...

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How To Get Preapproved for a Mortgage

Buying a house can be challenging. But getting a mortgage preapproval before making an offer can make buying a house go a lot smoother and work out in your favor, especially in a hot housing market. Home shop smarter, not harder. A mortgage preapproval letter proves that you not only want the house – but...

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payment terminal reflecting how credit scores affect mortgage rates

Credit Scores Affects on Mortgage Rates

A good credit score is like having a strong professional network – it’ll open a lot of doors for you. Behind those doors, you may find perks, like qualifying for a higher spending limit on a credit card, having a better chance of being approved for large loans and earning lower mortgage rates. While your...

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