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What is an FHA Loan and Is It Right for You?

The Federal Housing Administration insures what are called FHA loans. These mortgage loans provide opportunities for buyers with less-than-perfect credit or limited down payments to purchase homes, but they aren’t without potential pitfalls. FHA loans are available to borrowers with a credit score of at least 580, and you have to make a minimum 3.5% …

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5 Things You Need to Be Doing If You’re on a Well Water System

Here are five things you need to be doing if your home happens to have a well water system. 1. Get your water tested annually Wells are prone to contamination, so regular testing of your water quality is tantamount to your health. Home expert Dan DiClerico of HomeAdvisor recommends having a water test done once a year …

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How Much Leverage Do Today’s House Sellers Have?

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for …

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Are There Going to Be More Homes to Buy This Year?

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale …

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