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DIY ROI: What’s the Biggest Bang for Your Buck?

July 19, 2017 Improving your home increases its value and upgrades your quality of life. Here are the DIY projects with the biggest returns.

Whether your house is a fixer-upper or just needs a little attention, you can do well to hone your DIY skills. Doing remodels, making repairs, and improving your home yourself can be satisfying; it can also save you a whole lot of money compared to calling a contractor. But what are the DIY projects that […]

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How Credit Score Affects Your Home Loan

July 14, 2017 Your credit score can affect what type of mortgage you get. Here’s what goes into that number, and how to improve it.

If you’re hoping to buy a home, then be prepared to have your lender evaluate all kinds of facets of your financial history. Lenders will ask you about your job, your income, and your monthly expenditures. They’ll also ask about your credit score. Your credit score is one of the most important pieces of data […]

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4 Reasons Why You Should Move to Indiana

July 12, 2017 If you’re looking to buy a home, your money will go a long way in Indiana. Here are four reasons to become a Hoosier.

If you’re considering buying a home, getting a piece of Indiana real estate might be the way to go. It’s part of the midwest, the rust belt, and has some of the most affordable real estate in the nation. Here are four reasons you might consider becoming a Hoosier. 1. Your money will go furthest […]

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What is HUD?

July 07, 2017 The Department of Housing and Urban Development has many responsibilities, but this is what it means for homebuyers.

If you’re a first-time homebuyer, are worried about your credit score, or you have a few bad marks on your financial history, it can be easy to get frustrated. However, you have an ally: The United States Department of Housing and Urban Development, or HUD. The department has a founding mission of encouraging home ownership […]

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How to Avoid Mortgage Penalties

July 05, 2017 You might think that paying off a debt early is a good thing, but that’s not always the case with a mortgage.

You might think that paying off a debt early is a good thing, but that’s not always the case with a mortgage. Occasionally, homeowners who can pay off their mortgage early are discouraged from doing so by what’s known as a prepayment penalty, or “prepay.” These penalties penalize buyers who get money to their lender […]

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How Much Home Can I Get in Different US States?

July 01, 2017 Housing markets across the U.S. vary wildly. Here’s what $300,000 can get you in different states.

Not all real estate markets are created equal. Housing prices vary considerably across the U.S., and what can get you a palatial home in one state might get you a small townhouse in another. Why do real estate markets differ? Local real estate markets are driven by three main factors that vary across the country. […]

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June Housing Market Analysis

June 30, 2017 The housing market continues to grow, and home prices have now surged higher than their 2008 peak.

Part of our mission at First Option Mortgage is to keep you informed about the latest trends in the housing market. Whether you’re a first-time homebuyer or trying to sell your home, we want you to make informed decisions when you venture into the market. Sales are fast Homes are selling quickly. Redfin reports that […]

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