Category: Buying a Home

Credit Issues

Establishing credit   You must first establish a credit record if you want to have ready access to loans when you need them. You establish a credit record by borrowing money from a lender who reports to a credit bureau. So, what’s the problem? The problem is that few...
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Getting Help from a Financial Professional

Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you’re on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events,...
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Refinancing Your Mortgage

When you refinance your mortgage, you take out a new home loan and use some or all of the proceeds to pay off the existing one. There are a variety of reasons why you may want to consider refinancing your mortgage, such as: Lowering your monthly mortgage payment by...
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Applying for a Mortgage

Banks will try to sell you Very Expensive Life Insurance With Your Loan. IT IS ALWAYS CHEAPER TO OWN YOUR OWN INDIVIDUAL POLICY THAN BUYING THE BANK’S “MORTGAGE INSURANCE”  GET A FREE QUOTE HERE: https://www.naaip.org/gfsfinancial/compare-life# Since most people finance their home purchases, buying a home usually involves applying for...
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Buying a Home Checklist

GET LIFE INSURANCE FIRST: https://www.naaip.org/gfsfinancial/compare-life# CLICK ABOVE FOR FREE TERM QUOTE General information Yes No N/A 1. Has relevant personal information been gathered? 2. Has financial situation been assessed? Income Expenses Assets Liabilities Notes: Choosing the right home Yes No N/A 1. Has a real estate professional been contacted?...
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What is a title examination?

Using Title Insurance to Protect Your Interest in Your Home Title is the right to own, possess, use, control, and dispose of property. When you buy a home, you are actually buying the seller’s title to the home. Before the closing, an attorney or title company (normally hired by...
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Alternative Ways to Fund Your Down Payment

How much money will you need for a down payment? It used to be that most lenders would require a down payment equal to at least 20 percent of a home’s purchase price. Today, however, there’s good news for homebuyers who have little money saved for a down payment....
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How Much Can You Afford?

GET LIFE INSURANCE NOW, BEFORE YOU BUY THE HOUSE: https://www.naaip.org/gfsfinancial/compare-life#   FREE TERM QUOTE Introduction An old rule of thumb said that you could afford to buy a house that cost between one and a half and two and a half times your annual salary. In reality, there’s a lot...
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Finding the Right Home

Finding the Right Home Introduction If you don’t really know what you’re looking for in a home, how do you find the right one? Careful planning and consideration of your options can help ensure that you will be happy with the one you select. You may decide that buying...
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Buying a Home

Buying a Home What is it? Finding the right home to buy can be a challenging prospect, but knowing what to expect can make the process easier. You can (1) buy through agents representing the seller and/or use a buyer’s broker, (2) buy directly from an owner, or (3)...
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Homeownership

GET LIFE INSURANCE NOW, BEFORE YOU BUY THE HOUSE: https://www.naaip.org/gfsfinancial/compare-life#   FREE TERM QUOTE What is it? If you’re like most consumers, homeownership involves the largest financial transaction you’ll participate in during your lifetime. As such, it’s no wonder that the process of buying or selling a home can be...
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