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19 Aug 2021
By noelkelman

An Overview Of Umbrella Insurance: How It Works

Mortgage, ,
Accidents can happen from time to time, which is why it is important for people to have insurance. While you might be able to fix some accidents on your own, others can lead to a significant amount of financial stress. This is why people must have insurance. Insurance is supposed to help individuals and families pay for catastrophic expenses; however, what happens if the insurance policy is not big enough to cover the expenses? That is where umbrella insurance can be helpful. What is umbrella insurance, and how does it work? Learn more about how umbrella insurance might be able…
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18 Aug 2021
By noelkelman

Is It Time To Create A Home Office: What To Know

Mortgage Tips, ,
Office work has changed significantly during the past few years. With many people working well from home, numerous employers are becoming open to the possibility of allowing their employees to work from home permanently. With many people looking for ways to be productive from home, it is critical to create an environment that is conducive to being productive. How can homeowners make this happen? Make Small Changes First It is difficult to make major changes in a small home or condo; however, there are still small changes that can be made. For example, many people use a drop-down shelf or…
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17 Aug 2021
By noelkelman

Understanding the Jumbo Mortgage and Why Refinancing These Mortgages is Different

Home Mortgage Tips, ,
It seems like everything is getting jumbo sized these days. Jumbo sized soft drinks. Jumbo sized fast food meals. Jumbo sized smartphones. But one thing that nobody thought would get jumbo sized? Is mortgages. So what exactly is a jumbo mortgage? How is it different from a standard mortgage, and what does that mean for your refinancing options? Here's what you need to know. Jumbo Mortgages: Larger Sums For Enterprises And Wealthy Buyers As the name implies, the main factor that sets jumbo mortgages apart from standard mortgages is the loan limit. Fannie Mae and Freddie Mac impose mortgage limits…
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16 Aug 2021
By noelkelman

What’s Ahead For Mortgage Rates This Week – August 16, 2021

Financial Reports, ,
Last week’s economic reporting included readings on job openings, inflation, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Job Openings Rise as Inflation Rate Falls The Labor Department reported a record number of job openings for the fourth consecutive month in June. Job openings rose to 10.1 million available jobs from May’s reading of 9.5 million job openings. Analysts expected job openings to decrease to 9.1 million jobs in June.  Analysts said that previous headwinds to hiring including generous unemployment benefits and childcare issues may be easing. Workers took advantage of the rising demand…
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13 Aug 2021
By noelkelman

A Home Inspection: What To Expect

Mortgage Tips, ,
The process of buying a home can be exciting and stressful, with one important task being the home inspection. All real estate professionals will likely recommend a home inspection. This is usually a condition of making an offer on a home. While not all prospective buyers will ask the seller to make repairs based on the inspection report, it is important for buyers to know what they might have to do to repair the home. When an offer is made with a contingency, this allows the buyer to renegotiate the price of the home based on the inspection report. Some…
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12 Aug 2021
By noelkelman

4 Things You Absolutely Should Not Do After You Apply for a Mortgage

Home Mortgage Tips, ,
If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it's important to be aware that there are things that can have a negative impact on your application. Whether you've just submitted your documents or are getting close to it, here are some things you may want to avoid. Acquiring New Credit It may seem silly that something as minor as a new credit card can be a mark against your credit, but applying for new ones can be a bad sign to lenders.…
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11 Aug 2021
By noelkelman

What To Do Before Interest Rates Rise

Mortgage, ,
Mortgage rates are still low, but they are going up. This is creating a rush of people looking to buy homes before interest rates rise again. While it is difficult to predict when rates will go up again, it is hard for rates to go any lower. Homeowners and buyers need to act now before rates go up. What should homeowners do before rates rise? Sell Now While Rates Are Low Anyone who is thinking about selling their house should make every effort to do so now before rates go up again. Because there are so many people who are looking for…
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10 Aug 2021
By noelkelman

The Top Tips for Saving Money On Energy Bills

Mortgage Tips, ,
There are many homeowners who are looking for ways to reduce their monthly expenses. One way to do that is to target energy bills and expenditures. Homeowners might be able to make a few changes and upgrades to their homes, which could reduce utility bills and improve energy efficiency. What are a few ways to do exactly that? Consider Making The Switch To LED Lights One of the first changes homeowners might want to make is to switch to LED lights. LED lights are newer lights that can last many times longer than traditional lightbulbs. It is not unusual for…
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