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3 Ways to Buy a Home Even with Fluctuating Income
Are you thinking about buying a home even though your income fluctuates? Uneven income sources, such as a business or commission pay, can be a real challenge for those who want to advance to the next level of the American dream. But, you can still get that home you want through a few different funding ideas. Here are some ways that might work for you. 1. FHA Mortgage Loans Loans through the FHA (Federal Housing Authority) are designed to encourage home ownership among those who might get locked out of the traditional, fixed-rate market.
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Here's What You Should Ask Your Real Estate Agent About Before Buying Your Next Home
Before buying your next home, it's a good idea to schedule a consultation appointment with your real estate agent so some important questions and concerns can be addressed and you can learn what to expect throughout the purchase process. Here are a few important things you should discuss during your consultation: Inspection Options It is a good idea to ask your real estate agent about available inspection options before you start your search for a home to invest in.
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Who Can Help You Review A Bail Bonds Contract?
When you're securing bail for someone else, you're taking on a significant amount of responsibility. You will have a responsibility to the court, the bond company, and to the person you're bailing out of jail. Your exact responsibilities aren't just implied, they're put in a contract that you have to sign in order to secure the bond. Many people, unfortunately, are unaware of the level of responsibility that they're taking on when bailing someone out of jail.
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Mortgage Information For New Home Buyers To Review
For most individuals, purchasing a home will require a mortgage. While applying for a mortgage is a major life event, it is often not as difficult or complicated as what new home buyers expect. Understand That Perfect Credit Is Not Necessary For A Home Mortgage One of the most common prior assumptions that individuals have concerning getting a mortgage is that it will require perfect credit. However, there are many lenders that specialize in helping individuals that may have weak credit get approved for this type of loan.
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Living Paycheck-To-Paycheck But Dream Of Owning A Home? It's Possible With An FHA Mortgage! Here's How
Part of the American dream is to buy a home. However, that can be difficult when living from one paycheck to the next. According to Bank Rate, only 39% of Americans have enough in savings to cover the expenses of an unexpected $1,000 cost, let alone have enough in savings to pay a 20% down payment when buying a home. But is a 20% down payment necessary? A 2017 survey done by Zillow says that only 45% of buyers put 20% or more down when buying their homes, and the Lender's Network says the average down payment on a house in 2016 was about $14,000.
About Me
When I started my own company, I knew that I needed a little business capital and fast. In an effort to raise money, I worked with various lenders to discuss loans, financing, and special terms. Unfortunately, I quickly discovered that not every loan was created equally. Some loans had almost predatory terms like high interest rates and penalties, while others were completely fair. Fortunately, a business consultant of mine taught me about loans and financing, so that I could make better choices in the future. The information on this blog saved my business, and I know that it can help yours too.