One of the most widely known collections of children’s stories ever written is the book of Aesop’s Fables. Aesop’s fables are a collection of simple fairytales that give life lessons to children through the art of storytelling and if your parents read you Aesop’s fables as a kid, you’ve heard the charming story of the Town Mouse and the Country Mouse. This touching story tells of two mice, cousins as the story goes, one who
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What exactly is a refinance? Simply put, a refinance (or REFI for short) is a loan that has been financed again. There are dozens of beneficial opportunities that are presented to homebuyers that choose to refinance. In most cases a refinance allows for the borrower to obtain a new loan with a lower interest rate and lower monthly payments. It’s important for current homeowners to know that a refinance could mean saving some money every
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Our Furry Friends Here’s an interesting statistic: 85 million families in the United States own pets. Dogs, cats, iguanas, snakes, even pigs! You name it, there’s someone out there who’s got it. Our little cozy critters and loving companions bring us comfort, love and protection. But how has having a pet affected your home? If you’ve ever house broken a dog, you know that it can be an exasperating task. I don’t even want to
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Buying a house is not something you should do without some good financial knowledge and advice. Your first mortgage should be thoroughly thought out and well planned. Now that you’re thinking of purchasing a home, use the next 12-18 months or so to prepare yourself. Prepare Your Credit Early Houses are not cheap. In order to pay for one, you’ll have to get a home loan and pay it off in monthly installments. How much
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Though we strongly encourage you to never miss a payment (because of the negative repercussions that it could have on your credit), we’re aware that sometimes things happen that are out of our control. Missing a payment on your mortgage loan may seem like the end of the world. In most cases, you know ahead of time that you are going to miss a payment. In a more drastic scenario you may be faced with
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3 Financial Problems We All Face Handling money is a challenge for everyone. Whether we admit it or not, making money and saving it is a hard thing to do. Most Americans live the paycheck to paycheck cycle, only having enough money to last them until they get paid again. In this article, we’ll recognize a few of the most common money mistakes that we all make and how to prevent them. Living the Check
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One of the terms that is often used in the mortgage business, especially during the closing of a mortgage loan is “Escrows” or “Escrow Account”. An escrow account, sometimes called an impound account, allows you to pay the homeowners insurance and property taxes on your home. It’s important that your taxes are paid on time and in full to the county tax assessor to avoid penalties and tax liens. Essentially, every month the deposit amount
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If you’re a single mom considering buying a home, you’re not alone. According to a study conducted by the National Association of Realtors, single women are more than twice as likely to purchase a home than single men. In late 2016, 16% of homebuyers consisted of single moms. Only 7% of buyers were single men. Surprisingly on a national average, women generally make less money than men. Regardless, single moms everywhere are finding opportunities to
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If you’ve seen recent horror movies like The Conjuring, The Forrest, and The Collector or even more dated movies like Scream from the 90s, or Psycho from the 60s, you’d probably never venture down into the basement for fear of the unspeakable terrors that could be awaiting you within the bowels of your home. Television has portrayed the basement to be a dark and scary place where spooky things happen to nice people. But this
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The Analytics on Appraisals What is an Appraisal? An appraisal is a document provided by an appraiser (the person who conducts the appraisal report) that provides a professional estimate of the value of your home. Appraisals are conducted by a third-party appraiser who is completely objective in their process. Appraisers do not work in favor of the lender nor the borrower. They simply conduct the appraisal and produce their findings. Appraisals are most often conducted
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