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Mortgage: Major FICO score change to help millions boost credit score for mortgage lenders

Mortgage: Major FICO score change to help millions boost credit score for mortgage lenders
Millions of Americans will now have a credit score that qualifies them for a mortgage thanks to a major FICO score change. The Federal Housing Finance Agency shared that mortgage lenders will need to start ... more
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Mortgage: How much you need to make in each state to afford a new home

Mortgage: Major FICO score change to help millions boost credit score for mortgage lenders
Millions of Americans have been squeezed out of getting a mortgage for a new home in this volatile housing market. Not only was it harder to afford a home before the pandemic, but now it ... more
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October mortgage rates are going up

October mortgage rates are going up
Mortgage rates are only continuing to increase as October begins, making purchasing a house more expensive than it already is. Both the 15-year fixed and 30-year fixed mortgage rates have gone up as of Oct ... more
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Mortgage: Best time to refinance your mortgage as inflation continues

Mortgage: Major FICO score change to help millions boost credit score for mortgage lenders
Many Americans who currently hold a mortgage are asking themselves if now is a good time to refinance, or when a good time might be. 2022 has been rough in terms of inflation and rising ... more
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Mortgages in 2022: What the housing market is predicted to look like later this year

Mortgages in 2022: What the housing market is predicted to look like later this year
The housing market has been nothing short of volatile for the last year, and many people stopped trying to get mortgages entirely. Experts have weighed in on what they think the rest of 2022 will ... more
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Housing Market: These places see their housing markets cool; areas that may struggle in a recession & housing market outlook for late 2022

October mortgage rates are going up
The housing market has been incredibly volatile for years, but some cities and states are seeing it finally cool off. Should a recession hit, what markets would struggle? Millions of Americans have had to struggle ... more
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Mortgage rates reaching new highs since 2008– But, what is a mortgage?

Mortgage rates reaching new highs since 2008– But, what is a mortgage?
Homebuyers are falling off and looking to other options because mortgage rates are simply too high. But what is a mortgage and why are rates higher now than in 2008? What is a recession and ... more
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First time homebuyer tips to follow

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Buying a home isn't just hard for homebuyers, but it can be stressful to be a first time homebuyer in today's economy. This type of purchase is lifechanging and one of the biggest decisions a ... more
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Adjustable-rate mortgages: How do they work?

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Adjustable-rate mortgages could change every year that you have it. Whereas a traditional mortgages have fixed-rates. COLA increase for Social Security in 2023 may rise to 8% as inflation continues Adjustable-rate mortgage (ARM) loans ARM ... more
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What are the six types of mortgage loans?

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There are six different types of mortgage loans. Mortgages are paid over a long period of time, so it's important to pick one that best fits your needs. The IRS paused notices, but people are ... more
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Mortgage rates rise and drop this week; Americans still can’t afford the housing market

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The last few years have created an incredibly volatile housing market with increasing mortgage rates, and this week has been no different. With houses listed above their assessed value, and mortgage rates at their highest, ... more
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Can I remove my ex from our mortgage without refinancing?

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Divorce tends to complicate finances so it is important to know your rights. There is an inexpensive way to remove your ex from your mortgage. What is the difference between Lifeline and ACP? How can ... more
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What is New York’s DPAL program and do I qualify for it?

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Inflation is at a record high and the housing market is pretty slim. That means many first time home buyers in New York will need support to cover the costs. Stimulus: Payments up to $2,500 ... more
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What is the difference between a mortgage and equity loan?

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Mortgages and equity loans are both big financial commitments. Failure to comply could result in major financial losses. Gas Prices: Last Thursday gas hit $4.42 per gallon, new record high Mortgage vs Equity loan For ... more
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Mortgage: Whether to get a 30 or 20 year mortgage

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Choosing a mortgage is one of the most important choices a homebuyer will make aside from choosing the best home they can. Millions of Americans purchase homes, and it's one of the biggest decisions they'll ... more
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Mortgage Assistance: Up to $65,000 available for Americans in need

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Residents in a county in Texas are eligible to receive federal funding that will offer mortgage assistance if they find themselves behind on payments. The funding is available to Bexar County, Texas residents from the ... more
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More people are taking out a mortgage but interest rates are at a high

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The pandemic changed the housing market. This has lead many buyers to consider adjustable-rate mortgages. Housing market: Forecast features high prices and interest rates More buyers are choosing adjustable-rate mortgages The cost of mortgages is ... more
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Housing Market: What will prices of houses be in 2023?

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Interest rates on home loans continue to rise, which has some housing market experts thinking prices could drop in 2022-23. In 2021, the housing market exploded, raising the prices of homes more than in 2007 ... more
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Mortgage: Rates continue to rise; how homeowners can get help

Canandaigua delays property revaluation, but residents could see sticker shock in 2023 if market doesn’t cool off
Americans looking to get a mortgage are seeing the highest interest rates they've seen in more than ten years. This week the rate for a 30 year fixed rate mortgage was 5.11%. The last time ... more
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