Posts by PMG

Uses of Your Home Equity

Your home equity is an incredibly valuable asset which you may not even realize you can access. We’re here today to tell you that, as a matter of fact, you can! First and foremost, you can get a home equity loan using what you’ve earned off of your home. A home equity loan is particularly…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 11/16/2018

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES – Nov. 16, 2018 Odds are increasing for a surprise slowdown in the economy and a sudden halt to Fed rate hikes. That’s odds, as in Fancy Dan in the 5th at Pimlico. There are so many forces in play, so many lags in the effect of Fed…

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Keeping a High Credit Score

A good portion of the information out there regarding credit scores involves fixing your score, rather than maintaining it. We’re offering some advice for those individuals who want to keep their credit score high. First and foremost, make it a habit to always pay off your debts as frequently and quickly as you can. This…

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Tips for Getting Your First Mortgage

Getting your first mortgage can be intimidating as you’ve likely been saving for a long time. Today, we’re covering some tips that should help you when getting your first mortgage, so read on. Initially, it’s vital that you figure out how much you can afford to borrow. This will allow you to determine important facts…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 11/9/2018

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES – Nov. 9, 2018 The immediate reaction to the election was a 545-point jump in the Dow, and long-term rates on the edge of upward breakout. The widespread assumption: Democrats did not do as well as hoped/feared, not a wave but a ripple. The Republican gain in the…

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Home Price Negotiation Explained

Negotiating the price of a home can be an intimidating process, yet is a highly common (and important) thing to do. Today we’re offering some tips to help you with this process! You should always respond to the seller quickly if you want to negotiate the price of a home, or even if you don’t…

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The Underwriting Process Explained

Underwriting is the process of someone verifying your assets in order for you to be approved for a loan. This step in the process is what gets you approved for a loan, so read up to learn how you can speed it up to get into your new home by the closing date! The documents…

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MORTGAGE CREDIT NEWS BY LOUIS S BARNES- 11/2/2018

The bond market and Fed pay more attention to the monthly employment data than all other indicators put together because jobs and wages tend to determine inflation. These reports arrive on the first Friday of each month, today, and the strong results in this report have had strong effect. There are long stretches of time…

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Making Home Ownership in Your Twenties a Reality

Owning a home in your twenties is not the pipe dream that you may have made it out to be. Frankly, it is highly realistic to make home ownership a reality. Read on for more! Focus on saving up for a down payment. You may think that it’s a requirement for your down payment to…

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What to Know About Construction Loans

When it comes to construction loans, there are two types of construction loans to consider. First off, there are construction to permanent construction loans. These loans are simple. You essentially borrow money to pay for the construction. When it’s complete, the lender will convert the loan balance into a permanent mortgage. Essentially, this type of…

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