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Should You Retire With a Mortgage? – By: Craig Donofrio

Years ago, mortgage-burning parties were somewhat common. Friends would get together, the host would take out her mortgage papers and light them on fire, and all would cheer as they watched the debt turn symbolically into ash. These parties were often held well before retirement age. That was then. Now, an increasing number of Americans are carrying all kinds of debt, like mortgages, into their retirement years. But carrying a mortgage past your working age isn’t necessarily a bad

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Why Veterans Need Military-Friendly Real Estate Agents – By: Veterans United (Sponsored Content)

Buying a home will likely be one of the biggest purchases of your life. Having a knowledgeable real estate agent to walk you through the process is imperative for a smooth transaction. This is especially true if you’re purchasing with a VA home loan. VA mortgages come with a host of benefits, including no down payment, low interest rates, and no private mortgage insurance. Along with these benefits come some unique loan requirements. Here are three key reasons why using a military-fr

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Must-Haves for Your REO Purchase Agreement | By: Angela Colley

If you’re planning to buy a real estate owned (REO) property, you’ll have to submit an REO purchase agreement. This agreement shows your intent (and ability) to buy the property from the lender. REO departments are busy and often manage hundreds of properties at a time. If your purchase agreement is incomplete, the lender may pass on your offer and accept the next bid, so it’s important to get it right the first time. Proof of financing The lender will want proof you can pay for

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What You Should Look for When House Hunting Keep your eye on these big-ticket items when shopping for a home By Diana Lundin

If you’re shopping for a home and can afford to buy one, you couldn’t be in a better position right now. In many parts of the country, housing inventory is high and both home prices and interest rates are low and as a buyer, you can take advantage of that. With so many properties on the market, you can probably take a more leisurely approach to house hunting without getting into a fast-paced bidding war. There is a caveat, however. The best homes priced properly for the market conditions w

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Rent-to-Own Agreement Can Benefit Buyer and Seller – By: Michele Lerner

Prospective homebuyers sometimes find themselves in the position of being emotionally ready to buy their first home but not quite financially prepared. Whether the issue is a lack of down payment, a little too much debt, or a lingering ding on their credit report, sometimes buyers just have to wait while they work on their credit profile or save more money before they can buy a home. In such a case, a rent-to-own or lease-to-own arrangement can sometimes be a solution. Rent-to-own agreeme

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