6 Costly Mistakes Buyers Make When Shopping for the Best Interest Rate

    We recently wrote about how mortgage interest rates can have a direct impact on your purchasing power. Logic would follow that by shopping for the best interest rate, you’ll maximize your purchasing power, right?

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    5 key tips that help borrowers shop for their home loan!

    In an article on USA Today, Brian B. Simmons (CEO of AskaLender.com) breaks down 5 key tips to help borrowers shop for their mortgage and Borrow Wisely®. Here is the article which breaks it down in simple format.

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    How Purchasing Power Lowers as Interest Rates Rise

    There’s nothing quite like changing interest rates to quicken the pulse of potential homebuyers. When interest rates dip down, the rates of mortgage applications tend to spike because people want to secure the best rate possible. But when interest rates are increased, people get cautious. Why? It’s all about purchasing power.

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    How to Qualify for an FHA or VA Loan with Below-Average Credit

    With consumer confidence in the housing market hitting its highest level on record, you shouldn’t let a below-average credit score discourage you from pursuing home ownership.

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    When to refinance or just get a mortgage check-up

    OK so you have a mortgage, now what. You did your due diligence when you got the thing in the first place right? You made sure you had not only a competitive rate, but the right loan for you and your family. Wouldn’t it make sense to always have the best loan as the market and your personal situation changes? The problem is that there are no real “systems” or magic buttons you can push that will analyze if you can improve your loan.

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    Here’s Why Your Loan Officer Should Ask You Questions About Your Financial Goals

    Buying a home is an important and exciting financial step. It’s one piece of the puzzle that is your financial future—so before you jump into a home mortgage, you should carefully consider how the loan fits into your overall financial goals.

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    Avoid These 7 Common Pitfalls When Purchasing Your First Home

    Purchasing your first home is easily one of the biggest milestones in your life. Home ownership is a significant investment, so it’s not surprising that many first-time home buyers feel a bit overwhelmed. However, you can rest assured that the process will go smoothly if you avoid these seven common pitfalls:

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    How to Obtain a Home Loan with Less than Perfect Credit

    Although most lenders prefer a 20-percent down payment and an excellent credit score before lending you money to purchase a home, many potential buyers aren’t in that position. Luckily, you still have options, even if you have less-than-perfect credit.

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    What to Consider When Purchasing a Home That Needs a Home Renovation Loan

    In today’s booming housing market, it can be hard to find the perfect move-in ready house. In February alone, existing home sales rose 3 percent, but the number of available houses for purchase is still down 8.1 percent from a year ago, according to the National Association of Realtors.

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