Archive | Mortgage

The Financial Advantages of Modular Homes

Modular homes are one of the fastest growing segments of the home building industry. Not to be confused with a manufactured (mobile) home, a modular home is built to the specifications of local building codes with very few restrictions on where they can be placed. They are similar to manufactured homes in that they are […]

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How Owning a Home Can Lower Your Tax Burden

All things being equal, owning a house is generally preferable to renting. If your monthly mortgage payment is about the same as the rent payment for a similar property, then you are building up equity with each mortgage payment you make. In addition, if the housing market in your area appreciates over time (which it […]

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Is Alternate Home Financing Right for You?

With the sharp increase in the number of bankruptcies and foreclosures, a growing number of consumers with poor credit are choosing alternate methods to finance a new home. The most popular way of going around the traditional lender is with a contract for deed. Contract for deed arrangements have been around for a long time. […]

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Should You Get a Reverse Mortgage?

A reverse mortgage (also known as a Home Equity Conversion Mortgage or HECM) is a mortgage product available to qualified borrowers who are at least 62 years of age and have equity in their home. The mortgage works the opposite of a “forward” mortgage which is paid down over time in that it grows over […]

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