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Introduction When the cost of living increases, it is called inflation. It occurs when the money supply expands faster than

Introduction A credit score is a three-digit number that helps lenders assess the creditworthiness of prospective borrowers. A higher credit

Introduction A short sale is a way to sell your home for less than you owe the lender. It’s also

Introduction Balloon payment mortgages are often a great option for homebuyers who need to make large down payments on their

Introduction A good credit score is usually a prerequisite for getting approved for a mortgage. Whether you’re applying for a

Introduction The geometric series method is a quick and easy way to calculate your monthly mortgage payment. You’ll need to

Introduction Buying a home is one of the best investments you can make, and it’s also one of the most

Introduction When you’re looking to buy a home, you’ll most likely have many questions about the different types of mortgage

Introduction ARMs are fixed-rate mortgages that allow your interest rate to change over time. The first month after you get