Category: Uncategorized
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Check out my new listing Address: 1996 Madison St Dubuque, 52001
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Forecast: 0.4% Rise in Home Values by Year-End
Home values are expected to ↑0.4% by the end of 2024, followed by ↓1.4% by Mid-Q2 2025Nationwide, new listings in the housing market ↑~13% yearly.
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Owner Financing: Buy Now, Pay Later!
Owner Financing Basics: It allows buyers to purchase a home directly from the seller with financing. When to Consider: Useful when traditional mortgage options are limited due to credit or property type.
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Are Affordable Mortgages Still Possible? Tips for Today’s Market
Shop around: Compare rates from multiple lenders to find the best deal. Boost your credit: Improve your credit score by fixing errors and paying down debts.
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Why FHA Loans Are Ideal for First-Time Home Buyers
Mortgage rates in the US are expected to fluctuate, with the 30-year mortgage rate rising to around 6.95%. First-time home buyers may find FHA loans beneficial due to lower credit score requirements, down payments as low as 3.5%, and lenient debt-to-income ratios. FHA loans also allow non-occupant co-borrowers and can be used for up to…
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How to buy a house with no down payment
Buying a house can be a financial milestone, but the down payment can be a barrier. Government-backed loans like VA and USDA loans require no down payment. Down payment assistance programs from state and local agencies offer grants and loans. Alternative options include seller financing, lease-to-own agreements, and co-borrowing. Strengthening credit, managing finances, and getting…
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Could a Buyer’s Market Be on the Way?
More houses are available for sale, giving buyers more options and potentially influencing prices. Prices have fallen in a few major cities, and more sellers are reducing asking prices nationwide.
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How to Buy a House With No Money Down
There are special government-backed loans, like VA loans and USDA loans, that require no down payment. You can leverage first-time homebuyer programs that offer grants or low-interest loans to cover the down payment.
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How Much Does an FHA Loan Cost?
FHA loans have costs like down payment, closing costs, and mortgage insurance. They are for borrowers with poor credit. FHA loans have lower credit score requirements than conventional loans. Costs include upfront and annual mortgage insurance premiums. FHA loans are not the best for those who qualify for conventional loans due to added costs. Alternatives…
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Impact of Cooling Inflation on Homebuyers
Falling Inflation Rate: Inflation fell from 3.5% in March to 3.3% in May. Impact on Mortgage Rates: Lower inflation could lead to falling mortgage rates.