30 Aug 2023
By 24hr Mortgage

How to Save The Most Money When Buying a House

Mortgage, ,
Buying a house is one of the most significant financial decisions in one's life, and it's essential to make smart choices to save money during the process. While purchasing a home can be expensive, there are several strategies you can implement to maximize your savings and make the most of your investment. Here are some valuable tips on how to save as much money as possible when buying a house: Research and Compare Mortgage Options: When considering a mortgage, do thorough research to find the best interest rates and terms available. Compare offers from multiple lenders and don't be afraid…
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29 Aug 2023
By 24hr Mortgage

What To Know About Property Lines

Mortgage, ,
If you are in the process of buying a new home, you know that there are a lot of moving parts involved. You need to know everything you can about a potential house before you decide to purchase it, and that includes the property lines. What do you need to know about property lines, and why are they so important? How Are Property Lines Drawn? While property lines are the borders that separate one property from another, they are also legal boundaries. Essentially, property lines determine what you do and do not own. There is a chance that someone may…
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29 Aug 2023
By 24hr Mortgage

What To Know About Property Lines

Mortgage, ,
If you are in the process of buying a new home, you know that there are a lot of moving parts involved. You need to know everything you can about a potential house before you decide to purchase it, and that includes the property lines. What do you need to know about property lines, and why are they so important? How Are Property Lines Drawn? While property lines are the borders that separate one property from another, they are also legal boundaries. Essentially, property lines determine what you do and do not own. There is a chance that someone may…
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23 Aug 2023
By 24hr Mortgage

3 Ways To Avoid Mortgage Insurance

Mortgage, ,
When you are buying a home, you may run into a number of hurdles to complete the purchase. One of the items that you may be asked to purchase is called private mortgage insurance, often shortened to PMI. This is a unique insurance policy that your lender, such as the credit union or bank, may ask you to buy in order to protect themselves. In this insurance policy, the bank protects themselves against losing money if you end up defaulting on your loan. Unfortunately, if you are asked to purchase PMI, this will increase your monthly mortgage payment. Therefore, most…
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21 Aug 2023
By 24hr Mortgage

What Do Appraisers Consider When Valuing a House?

Mortgage, ,
Appraisers consider several factors when valuing a house to determine its fair market value. The goal of the appraisal is to provide an unbiased and accurate assessment of the property's worth. Here are the key factors appraisers consider: Location: The location of the property is one of the most critical factors in determining its value. Proximity to amenities such as schools, shopping centers, parks, public transportation, and the overall desirability of the neighborhood can significantly influence the value. Size and layout: The square footage and layout of the house play a crucial role in its valuation. Larger houses generally have…
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17 Aug 2023
By 24hr Mortgage

Vacation Home or First Mortgage Payoff?

Mortgage
Imagine having some extra cash on hand, enough to make a significant financial decision that could potentially shape your future. You've worked hard to build equity in your home, and now you find yourself at a crossroads. Should you invest in a vacation home or use the money to pay off your first mortgage? Vacation Home-Pros A Place to Escape: Owning a vacation home provides you with a tranquil getaway, a place to unwind and recharge. It offers the potential for making lasting memories with family and friends. Rental Income: If you decide not to use the vacation home year-round,…
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