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Pros and Cons of a Fixed-Rate Mortgage

Fixed-rate mortgages are mortgages where your monthly payments will always stay the same throughout the life of the loan, which can be helpful in planning for the future. However, fixed-rate mortgages also have the potential to hinder borrowers if the…

What is Fair Market Value (FMV) in Real Estate and How is it Calculated?

Fair Market Value (FMV) in real estate refers to the most probable price a property would sell for on the open market, assuming both buyer and seller are knowledgeable, informed and acting without undue pressure. It is calculated using several…

Budgeting for Homeownership in a Crazy Market

There’s no denying that today’s housing market is expensive. With prices increasing dramatically in the past few years, many potential homebuyers are left wondering if they’ll ever be able to afford to purchase a home. Here are some ways that…

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