When you take out a homeowner loan, it’s very much based on your current income and your past credit history. However, nobody knows what is around the corner and sometimes people’s circumstances change in such a way that a previously manageable monthly home loan repayment suddenly becomes unaffordable, putting your mortgage and your home at risk.
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It's already been nearly two years since the novel coronavirus pandemic altered much of American life. Despite the hope of achieving some pre-pandemic normalcy, things remain unpredictable. With overheated home prices and rising mortgage rates, the outlook for the housing market isn't promising.
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If you decide to sell your home or if you need to get home insurance, there are steps to follow. First, you need to find out the value of your home. Determining the value will help you sell or protect your home accurately.
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Navigating the twists and turns on the path to homeownership is difficult. The best place to start when looking to purchase a home is to do some homework. This will help a prospective buyer make informed decisions and avoid any unpleasant or unexpected surprises.
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Many people dream of buying their own house for years, if not decades. But like any major milestone, the success of buying your home largely depends on getting the details right from the very start. Although incredibly thrilling, learning the ropes of the home buying process can feel overwhelming.
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