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Mortgage and Finance
Home Page for Cooper Realty Associates

Entries Tagged as 'Mortgage and Finance'

Pre-Qualification vs. Pre-Approval

November 23rd, 2013 · No Comments

It’s a good idea to be pre-approved for a mortgage before you begin house hunting.  In fact, many realtors won’t even work with you until you’ve gone through this process.  There is a bit of confusion out there though, about the difference between pre-qualification and pre-approval.  Many times these terms are used interchangeably, but they […]

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Tags: Buyer Tips · Mortgage and Finance

Types of Home Loans

November 21st, 2013 · No Comments

If you’re in the market for a home, chances are high that you are not paying cash for it which means you will need to get a mortgage.  There are two basic types of mortgages, conventional and government sponsored. Conventional mortgages are come in two basic varieties, fixed rate mortgages (FRM) and Adjustable Rate Mortgages […]

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Tags: Mortgage and Finance

Down Payment Advice

November 8th, 2013 · No Comments

It’s always best to put 20% (or more) down on a mortgage when you are buying a home.  The main reason for this is so that you can avoid private mortgage insurance (PMI) payments.  PMI costs you a percentage of your mortgage depending on how close your down payment was to 20%.  At first glance […]

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Tags: Buyer Tips · Mortgage and Finance

Home Prices Are Up

August 12th, 2013 · No Comments

Home prices have appreciated just over 10% in the past twelve months, which is great news for current sellers!  This is actually the first time home prices have appreciated into the double digits percentage wise in seven years.  According to a report accounting for 80% of the US housing market, appreciation is expected to drop […]

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Tags: Mortgage and Finance

Mortgage Rates Are Rising

August 6th, 2013 · No Comments

The average mortgage rate dropped to an all time low of 3.3% in 2012, and is now rising rapidly.  In June, mortgage rates in the US averaged 4.35%, but for those interested in buying, even though mortgages are at the highest rate in two years, they are still a great deal.  Economists estimate that these […]

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Tags: Mortgage and Finance

3 Rules For Flipping A House

May 23rd, 2013 · No Comments

The idea of flipping a home is less popular now than it was a decade ago, but it’s still out there.  If flipping a home is something you’ve ever thought of, here are three tips for you: 1.  Remember the 70% rule.  In order to profit from your purchase, take the price that the home […]

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Tags: Home Projects · Mortgage and Finance

Consider a 15 Year Mortgage

May 21st, 2013 · No Comments

When you are buying a home, the industry standard is a 30-year mortgage.  However, if you can swing it there are definite advantages to a 15 year mortgage instead.  The biggest benefit of a fifteen-year mortgage is, of course, that you pay your home off in half the time and wind up saving a lot […]

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Tags: Mortgage and Finance

Reasons to Consider Refinancing

May 6th, 2013 · No Comments

With interest rates still low and likely to rise this year, now is a good time to refinance if you bought your home more than a couple of years ago.  Keep in mind, however, that most institutions have stringent refinancing criteria, so it may not be worth it unless you can refinance for a full […]

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Tags: Mortgage and Finance

Financial Tips

February 19th, 2013 · No Comments

When you are in the market for a new home you are prepared to spend a huge chunk of money, but just because the bank offers you a $400,000 mortgage doesn’t mean that it is wise for you to take the full amount.  Generally speaking, you should take at least 20% less than the bank […]

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Tags: Buyer Tips · Mortgage and Finance

Paying Off Your Mortgage Early – Yes or No?

February 4th, 2013 · No Comments

Paying down your mortgage early is a great thing to do, and can be considered a good investment for many homeowners.  I, myself, am not a financial advisor, but I have culled several interesting articles that outline the pros and cons of paying off your mortgage early from several finance and real estate experts.  First, […]

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Tags: Mortgage and Finance

The Effects of the Fiscal Cliff Bill on Real Estate Taxes

January 8th, 2013 · No Comments

Thanks to the law passed earlier this year by Congress to avoid falling off the “fiscal cliff,” there are many advantages when it comes to real estate tax breaks.

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Tags: Mortgage and Finance

Tips for Refinancing

December 11th, 2012 · No Comments

With mortgage interest rates remaining so low, you may be considering refinancing. But keep in mind that refinancing is not for everyone. To figure out if it is right for you, begin by figuring out how long it will take you to recoup your closing costs if you refinance at a lower rate.

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Tags: Mortgage and Finance

Three Ways to Build Your Credit

November 29th, 2012 · No Comments

If you are in the market for your first home, or have struggled with your credit in the past the first step to buying your dream home is to build your credit so that you can get a mortgage and hopefully at a good rate! Here are three tips to help you:

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Tags: Mortgage and Finance

Down Payment Advice

November 12th, 2012 · No Comments

It’s always best to put 20% (or more) down on a mortgage when you are buying a home. The main reason for this is so that you can avoid private mortgage insurance (PMI) payments. PMI costs you a percentage of your mortgage depending on how close your down payment was to 20%.

[Read more →]

Tags: Mortgage and Finance

Pre-Qualification vs. Pre-Approval

September 25th, 2012 · No Comments

It’s a good idea to be pre-approved for a mortgage before you begin house hunting. In fact, many realtors won’t even work with you until you’ve gone through this process. There is a bit of confusion out there though, about the difference between pre-qualification and pre-approval. Many times these terms are used interchangeably, but they are, indeed, different

[Read more →]

Tags: Buyer Tips · Mortgage and Finance

Types of Mortgages

September 24th, 2012 · No Comments

If you’re in the market for a home, chances are high that you are not paying cash for it which means you will need to get a mortgage. There are two basic types of mortgages, conventional and government sponsored.

[Read more →]

Tags: Buyer Tips · Mortgage and Finance

3 Steps To Appealing Your Property Taxes

September 20th, 2012 · No Comments

On Tuesday I talked about property taxes. And today I am going to talk about how to appeal your property taxes if you feel that they are too high. Like I said before, property taxes are based on your homes assessed value, so if you feel that the value of your home as declined or is otherwise less than what it has been assessed for you may be able to file a grievance to have your property taxes reassessed. If you think you’re in this position, here are three actions for you to take:

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Tags: Mortgage and Finance

All About Property Taxes

September 18th, 2012 · No Comments

Property taxes can be a significant portion of your monthly house payment, yet most people are painfully unaware of the ins and outs of property taxes and are happy to just be able to pay the bill each month. When you’re looking to buy a home, the property tax information is available on most real estate websites, but that information is not always accurate.

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Tags: Buyer Tips · Mortgage and Finance

How Much Home Can You Really Afford?

September 17th, 2012 · No Comments

When buying a home, many people end their thinking with whether or not they can afford the mortgage payment. Affording the mortgage payment is obviously a critical part of owning a home, but it is not the only part. There are many other costs that need to be factored into the monthly cost of home ownership.

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Tags: Buyer Tips · Mortgage and Finance

Refinancing Your Mortgage

September 11th, 2012 · No Comments

With the current low interest rates, there hasn’t been a time in recent history that’s been better for refinancing a mortgage. If you’re thinking of refinancing, consider these tips to help you.

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Tags: Mortgage and Finance