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Calculate your monthly debts first to avoid home loan rejection
At the time of mortgage approval, determining the total monthly debt burden of a borrower is very much confusing for a mortgage lender. As an individual when we apply for a mortgage, the lender will...
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Debt obligations which prevent you from an easy mortgage
At the time of mortgage application, your credit score plays a crucial part. While determining your monthly interest rate, your credit score may increase or decrease the total amount of monthly...
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How to recognize the foreclosed homes which is not suitable for buying
New home buyers in recent days are getting much interest in buying foreclosed homes. It is mainly for the huge discount offered by the banks who has the possession. But buying a home is a big...
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What are the major aspects of recognizing a suitable foreclosed home
In our last post we have talked about how to point out the foreclosed homes which will be not suitable for you. Today we will discuss about choosing a good foreclosed home by analyzing its...
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How to save for your first home deposit
If you think a bank or a lender will approve your loan application as soon as you send it to them, then you are probably mistaken. Unfortunately, those days are over for us now. Today, lenders want to...
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