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Do not apply for a subprime loan

Why You Should Not Apply For A Subprime Loan

Why is it a bad idea to apply for a subprime loan? What follows is not MY advice, but rather the advice from credit reporting agencies like Experian, and from government watchdog agencies like the Consumer Financial Protection Bureau. I preface today’s article with that disclaimer because I want the message to be clear; applying …

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Hierarchy of Savings - What Should Come First?

Hierarchy of Savings – What Should Come First?

It can be difficult to establish a hierarchy of savings. What should come first when you are paying yourself? Three basic areas represent parts of your life that need financial attention; your retirement fund, your money set aside for emergencies, and debt repayment. The last one doesn’t sound like you are paying yourself–at first. But …

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Differences between conventional mortgages and government backed home loans

Government-Backed Mortgages Vs Conventional Home Loans

Do you know the difference between a conventional mortgage and a government-backed home loan such as an FHA loan, VA mortgage, or USDA home loan? There are two big areas some are concerned with; those areas are down payments and mortgage insurance. We’re looking at the differences between conventional and government-backed home loans with this …

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