Take some of the guesswork out of buying a home. Here’s what you can expect during the home buying process

Take some of the guesswork out of buying a home. Here’s what you can expect during the home buying process

So you’re done with renting and planning to purchase a home. But how can you prepare for making one of the biggest, if not the biggest purchase of your life. Frankly, it can be exciting, emotional, and stressful, all at the same time. And between closing and moving, it’s a lot to deal with in a fairly short amount of time. It will help if you stay organized, proactive, and approach most everything based on facts. Here’s a list of things you’ll want to do during the process.

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Should I Refinance Before I Retire?

Should I Refinance Before I Retire?

Q: I'm in my mid-50s and I'm preparing to retire sometime down the line. I'm wondering if I should refinance my mortgage as part of my retirement planning. Is that a good idea?

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Rising interest rates

Rising interest rates

If you follow the national business news, you are likely getting mixed messages about the state of the economy. While never very reassuring, pundits' opinions on the stock market and the country's economic state are changing as frequently as the weather.

But there's one area that's been constant for some time now: rising interest rates. If you're thinking of taking out a mortgage, or any other large loan, in the near future, you might be waiting until those rates start going down again.

Here's why that might not be the best idea. 

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Now is the Time to Buy a Home

Now is the Time to Buy a Home

It's always a battle deciding whether to purchase, refinance, or secure a home equity line. First, take a look at your goals and what you would like to accomplish. Maybe refinancing is the right move because you want to consolidate debt. Maybe you're thinking about purchasing because you don't plan to be in your current house for long. Or maybe you're interested in a home equity line because you would stay longer if the kitchen was updated and the basement was finished. If you're considering these options, take a look at the following reasons to purchase, refinance or obtain a home equity line. Now is the time!

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Getting Your Home Ready to Sell

Getting Your Home Ready to Sell

As the economy improves, today's sellers are facing a very different environment than they were before the housing market stumbled in 2006.

Today's housing market features new procedures and standards, not the least of which are continuing borrowing hurdles for prospective buyers. If you are thinking about a home sale in the coming months, it pays to do a thorough overview of your personal finances and local real estate environment before you put up the "for sale" sign. Here are some general issues to consider:

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Homebuyer Education: The First Step to Buying a Home

Homebuyer Education: The First Step to Buying a Home

How well do you really understand the homebuying process? Taking a qualified homebuying class will do more than teach you how to get a mortgage or pull together a down payment. It will help you determine the amount of home you can afford without endangering other lifetime financial goals.

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