Single Parent Homebuying Guide Part 1: Pros and Cons of Buying

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When you’re responsible for your child as well as yourself, your choice of whether to rent or buy a home is not just monetary. Buying a home as a single parent is also an emotional decision that influences your child’s future.Before you decide whether it’s time to become a homeowner, make sure you understand the pros and cons of your choice.Doing The MathAccording to one national rea…

Is Downsizing and Lowering my Mortgage Payment right for me?

Our houses have gotten bigger in the last few decades. Since 1973, the average American house has grown by 1,000 square feet, coming in at over 2,400 square feet. And what’s more, the average family size in the U.S. has gone down. So we’ve got more space for fewer people.While the bigger is better mentality is sweeping the nation, there are some real financial benefits to downsizing your…

Crazy Mortgage Programs That Really Exist

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Today’s Mortgage Programs Are Not All “Plain Vanilla”You might believe that since the Dodd-Frank Wall Street Reform and Consumer Protection Act has been implemented, the only home loans widely available are government-backed or conforming — meeting guidelines set by Fannie Mae or Freddie Mac. And you might think lenders refuse to offer any mortgage programs that don’t meet the government’s…

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