Knowing What You Shouldn’t Do Owning a home is one of the most effective wealth-building tools available to the everyday consumer. It’s no wonder that first-time home buyers are out in force. One-in-three home sales today are to first timers, and many more are queuing up to be homeowners in 2017. But when you’ve never
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According to the National Association of Realtors president William E. Brown, major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come at the expense of current and prospective U.S. homeowners. Brown said that while President Trump’s tax proposal released last week is well-intentioned, it’s a non-starter for homeowners
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According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 21, 2017, mortgage applications increased 2.7 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the
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What are the best steps to take when your credit isn’t where it needs to be to get on with your life? Here are a few points to consider: 1. Keep your credit card balances low Popular opinion is to immediately pay off your credit cards as soon as you put a balance on them.
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Question: My wife and I are house hunting. A friend told us that the market is hot, and there are very few house available for a large number of potential buyers. We were advised to consider including an escalator clause in any contract we present to a seller. And if there is an escalation clause,
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According to the National Association of Realtors, existing-home sales took off in March 2017 to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago. Only the West saw a decline in sales activity in March.
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