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Since the early 1930s, the Federal Housing Administration has been providing federally-insured home financing to qualified borrowers. With its lower up-front costs, accommodating terms and forgiving credit requirements, the FHA loan is a popular choice for first time and low income buyers; however, you don't necessarily have to have low income or poor credit to be approved. Review the following five reasons to consider an FHA loan to see if this home mortgage program might be right for ...
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When considering the location of their next home, many buyers compare the qualities of urban versus rural areas. While some people like the idea of a big yard, a small town and pastoral scenes, some people prefer the convenience and opportunities that city life has to offer. Here are are a few points to consider when deciding whether or not to buy in the city. 1. Overall Convenience Residents of large cities enjoy many conveniences that rural residents often miss out on. Typically, larger ...
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Many homeowners reach a point in their lives where they realize that a large home is no longer necessary or practical. Maybe the kids have moved out or you need to down size to save money. Whatever the reason, it's best to weigh the pros and cons of moving into a smaller home before making any final decisions. The benefits of a smaller home 1. Lower utility costs, lower maintenance It costs a lot of money to thoroughly heat and cool a house with a lot of square footage. It generally ...
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