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The Big Benefits of Downsizing Your Home

Coldwell Banker

If you’re considering downsizing, you’re not alone. Living more compactly can offer a range of benefits, from cost savings to a better quality of life. Financial Considerations One of […] The post The Big Benefits of Downsizing Your Home appeared first on Coldwell Banker Blue Matter.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! They own the home with their name on the title, as with any mortgage, traditional or reverse. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). What is reverse purchase financing?

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4 Things Every Renter Needs To Consider

Keeping Current Matters

As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Owning a Home May Provide Greater Mobility than You Think.

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Rent vs. Buy: How to Decide What’s Best for You

Keeping Current Matters

While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for me to buy? The answer depends on your current situation and your future plans, so here are some thoughts to help you decide if you’re ready to own a home of your own. Building Equity.

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How to chip away debt and become a first-time homebuyer

Housing Wire

Reports show 63% of millennial home shoppers plan to purchase a home because of their new remote work status. As you start the real estate process, saving for a down payment—often while paying off debt in tandem—can feel like a big hurdle. Buying a home? Boost your FICO score first. Was it easy or fun?

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Should You Sell Your House and Buy Another One, or Stay and Renovate the Current One?

Lighter Side of Real Estate

Selling your house and buying another isn’t a no-brainer decision for many people right now. For instance: If you have an interest rate on your current mortgage that’s lower than the current rates, you might question whether it makes sense to give up such a low rate for a higher one.

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Knowing When It’s Time to Sell Your Home

Realty Biz

It is difficult for many people to decide when it is time to sell their homes. You have invested a lot of money in your home and likely have a lot of memories there. However, there are several signs that indicate it is time for you to sell your home. Your Family Is Growing. You Need to Downsize.