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Mortgage Scams Target Older Adults
July 15, 2019
Categories: Consumer Tips, Fraud Prevention, General, Home Loans
A Message from Brenda Hannover, Assistant Vice President, Mortgage Loan Officer --
A home is most people’s largest asset. For criminals, older adults who own their own home represent great potential for reverse mortgage scams.Older adults are often pressured to obtain a reverse mortgage, or to use equity in their home for home repairs that fail to be completed by unscrupulous repair people. The repairs never happen, and your money is gone. Other scams aimed at homeowners... Read More
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Building vs. Buying a House: What's right for you?
May 16, 2019
Categories: Consumer Tips, General, Home Loans
To buy or to build? It's a question that faces many who enter the housing market. Whether you're a first-time homebuyer or you're looking for something that better fits your family's needs, it's a question that you'll likely have to consider.
Consider the following:
Advantages to Building a Home:
Customization. When you build a home, you have input on the design and can ensure the final construction includes... Read More
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Buying Your First House: 5 Tips to Consider
May 16, 2019
Categories: Consumer Tips, General, Home Loans
Consider the following tips to get you started on the path to home ownership:
Start saving. The sooner you start saving, the better position you will be in when you are ready to buy a home. Reduce your debt. Pay down as much of your existing debt as possible. Doing so may make budgeting for a future mortgage payment less stressful. It will also strengthen your credit history, allowing you to qualify for a better interest rate when you're ready... Read More
