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Looking to buy a home?

Yes, it is true that the housing market in many areas across the country has been stagnant for months, if not years.  Yes, it is true that new lending guidelines have made it tougher for people to borrow money.  But despite all the naysayers...

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Assumption advantage on the FHA loan

In addition to a low interest rate and a reduced required down payment, the FHA loan offers today’s homebuyers another little-noticed advantage over the conventional/conforming loans. Unlike most conventional loans, FHA loans are assumable...

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Developer fees a.k.a. capital recovery fees

Imagine this scenario: You have to move because of your job. You have lost all of the equity in your condo that you purchased two years ago, but thankfully, you are not underwater and will break even on the sell. You arrive at the closing...

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