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Jul 07, 2019 Credit scores are important — and valuablePublished 7 July 2019 According to a recent report from the consumer credit reporting company Experian, the average U.S. FICO score is 704. FICO is an acronym for Fair Isaac Corporation, the folks who created the FICO score. The highlight of the report, however, was that a difference of just a few points can make
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Jun 30, 2019 Mortgage rates approaching new record lows
Published 30 June 2019 On April 2, 1971, the Federal National Mortgage Association (Freddie Mac) began keeping track of mortgage rates. On that day and every Thursday since, Freddie has released the results of their survey to the public. At the time the interest charged on a 30-year fixed mortgage was 7.33 percent. On June
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Jun 23, 2019 Single female homebuyers outnumber male counterparts
Published 23 June 2019 According to the National Association of Realtors 2018 profile of home buyers and sellers released last October, single women homebuyers outnumbered single male homebuyers by 2 to 1. While that’s undoubtedly a major milestone, there was a time when it was nearly impossible for female homebuyers obtain home mortgages on their
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Jun 16, 2019 $168.7 million in home sales closed through May
Published 16 June 2019 Local Realtors sold 828 new and existing homes, townhomes and condominiums valued at $168,712,578 through the first five months of this year, according to a June 11 report from the Las Cruces Association of Realtors. While the total number of sales booked this year fell six units shy of the number
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Jun 09, 2019 How to flip a house using other people’s money
Published 9 June 2019 Flipping a house is easy if you have plenty of cash on hand. But what if you’re long on skills and short on greenbacks? The answer is to use what’s known in real estate industry jargon as OPM, or Other People’s Money. Using OPM to finance a flip can take many
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Published 2 June 2019 June is National Homeownership Month. According to the National Association of Realtors, homeownership month is “a time to celebrate and promote the American Dream of owning a home.” NAR goes on to say that owning a home is not only the best investment an individual can make to build their personal
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