High-interest debt solutions High-interest debt, such as credit card debt, personal loans, payday loans, and auto loans with interest rates of 8% or more, can be a significant financial burden. Financial advisors often recommend prioritizing the repayment of such debt before other financial goals. If you find yourself …
The best tips for home renovation financing
Summertime is the best time for renovations Summer's here in Delaware, and it's the perfect time to give your home that much-needed makeover. If you're a homeowner dreaming of upgrades, renovation home financing, a cash-out refinance, or a Home Equity Line of Credit (HELOC) could help you achieve your renovation …
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Conventional loan vs FHA loan
What is the difference between a conventional loan and an FHA loan? The most popular type of mortgage is the 30-year fixed-rate loan. It gives homebuyers three full decades to pay it off, resulting in smaller payments over a more extended period. A 30-year fixed-rate loan is a conventional loan. It offers flexibility …
What you need to know about VA loans and the NAR settlement update
What the VA said about the NAR settlement The Department of Veterans Affairs announced it would temporarily lift its ban on homebuyers directly paying for realtor representation. It is expected that it will announce a formal policy update within the next several weeks. The VA’s home loan guaranty is the only loan …
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How to get the best mortgage rate
8 tips for getting the best interest rate on your mortgage When it comes to buying a home in Connecticut, securing the best mortgage rate can lead to substantial savings over the life of your loan. A mortgage is a legal agreement between a borrower and a lender that provides the borrower with the funds needed to …
MEP’s Advantage Down Payment Assistance Program
What is the benefit of down payment assistance? DPA is one of the best tools homeowners have in today's market to make homeownership more affordable for Connecticut Residents. These programs provide a possible solution to help homebuyers who need financial support. With a shortage of affordable housing across the …
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