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Assets and Your Mortgage Application

When lenders evaluate mortgage borrowers, we look at four things: income (the ability to repay), credit (the willingness to repay), collateral (appraised value and property condition) and assets (cash in the deal and cash reserves after closing, mostly). Of the “four legs of the table”, assets are the least discussed, and yet may be the …

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3 Tips to Getting the Best Home Insurance

If you’re a first-time homeowner, you might be a bit intimidated by the prospect of looking for the best home insurance coverage to protect your investment. With all of the different insurance companies out there, it can be confusing to know which coverage options you need and how to get them at the lowest possible …

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Are Banks Ready to Lend Again?

Major U.S. banks appear to be finally opening the lending spigot. Second-quarter earnings reports due this month are likely to reveal a slight reversal of the long-term shrinkage in bank loan books, one of several positive signs for investors, bank analysts said. …”Banks are beginning to lend again and that’s a good sign,” said Timothy …

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