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Do These If You Want to Build Equity Fast and Save Money on Mortgage

Posted: Jun 5, 2018 at 8:29 pm   /   Home Improvement

Forewarned is forearmed goes an adage whose relevance to the mortgage process is astonishing. As with any financial process with an incredible amount of paperwork and details to work out, you need to hone your knowledge of the mortgage process. As the home loan is likely the largest debt you’ll ever carry, there’s no room […]

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Read This to Know How to Save Money for Your Mortgage Down Payment

Posted: Jun 5, 2018 at 1:00 am   /   Finance

To get a great deal on interest rates, you’ll often need a huge deposit for your mortgage in Utah. According to Altius Mortgage Group, an average lender would often ask you to put down at least 20% deposit on your first home. However, getting the funds to pay for it is often proven difficult. To […]

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4 Myths About the FHA Loan Program

Posted: Dec 12, 2017 at 7:31 am   /   Information

If you are unsure if you could meet the minimum requirements to obtain a conventional home loan, the FHA loan program might be the solution you need. An FHA loan is a mortgage backed by the Federal Housing Administration that could help individuals who might be deemed high-risk borrowers by lenders. The program has been […]

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Can You Cancel Your Private Mortgage Insurance Payments?

Posted: Nov 4, 2017 at 1:00 am   /   Information

Private mortgage insurance (PMI) might be unavoidable for some borrowers, but the good thing is you don’t need to pay for it forever. That is if you know exactly when you are eligible for PMI cancellation. If you are, you could stop paying premiums and use that money for paying for your principal. When Lenders Automatically Cancel Private […]

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Is It Possible? Reducing Your Debt to Income Ratio

Posted: Mar 29, 2017 at 1:00 am   /   Finance

Your debt to income ratio (DTI) determines how much of your gross monthly income goes toward repaying your debts every month. The lower this ratio is, the better since it indicates that you’re not spending a huge chunk of your income to pay off your debts. This is good news if you’re planning on applying […]

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Common Debts Millennials Face and How to Pay Them

Posted: Jan 18, 2016 at 1:00 am   /   Finance

Millennials tend to multi-task and dive into different priorities at the same time. They are open-minded and passionate about things that interest them and the fields they want to explore. However, millennials don’t know how to take a break. The “Me Generation” intentionally works on diverse duties and expects entitlement in everything they do. School, […]

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