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New communities often have trouble funding the important public works and services that established communities take for granted. Schools, libraries, fire departments, and parks, just to name a few, can cost hundreds of millions of dollars to build, and...
Purchasing your first home can be scary. For years, you’ve been told that homeownership is essential for financial success, but when it comes time to make the purchase, it can be easy to hesitate. Renting might seem like a...
Whether you are borrowing money for a new fridge or a million-dollar home, you will likely come across the term “APR.” You hear it on auto commercials and on signs for furniture stores; you’ll also see it when researching...
There are a lot of decisions to make when it comes to buying a home. One of the most important is deciding between a fixed-rate and an adjustable-rate mortgage. While adjustable-rate loans have their benefits, you’ll find that fixed-rate loans...
Mortgage insurance can be expensive, and many people try to bypass this financial burden by bringing a large down payment. However, this creates new complication and can actually increase your interest rates. If you are making a large purchase and...
Fannie Mae’s HomeStyle Renovation program is an essential option for many borrowers. Sometimes a borrower wants to purchase a home that needs significant upgrades, repairs, and improvements, but most mortgage products only provide enough funding for the purchase of...
Across the nation, the call for legalized recreational marijuana is gaining momentum. As more and more states make pot legal for recreational use, it’s creating an industry that is employing hundreds of thousands of people, ranging from minimum-wage employees...
A 20% downpayment can be difficult for many people. But there is an option available for some borrowers: the piggyback loan. How Piggyback Loans Can Be Your Solution to a Downpayment What is a Piggyback Loan? A piggyback loan is a...
How big is a jumbo loan? That’s a simple question with a rather complex answer. Because of the differences in markets, there is no single answer for the entire country. Therefore, if you need a loan that is higher...
Education is vastly important. But student-loan debt, which is estimated at about 1.3 trillion dollars, represents a serious burden to individuals, as well as the national economy. The real-estate market is considered one of the pillars of American prosperity, and...