Mortgage TipsCategory:

    Hope for Boomerang Buyers

    The financial crisis that started in 2008 caused many homeowners to lose their properties to foreclosure, deed-in-lieu or short sale. This is referred to in the mortgage industry as an “adverse event,” and will affect one’s ability to get a mortgage after the crisis has passed. Many people feel...

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    Refinance to a 15-year mortgage and save money.

    “From a financial standpoint, if you can afford a 15-year payment, it definitely makes sense to explore you r options,” says Dennis Straw, Senior Loan Consultant at Dearborn Savings Bank “The big question is, can people afford that increase in payment.”

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    Does paying off a credit card immediately improve your score

    Question: I am 16 and getting a job soon. I am considering getting a credit card and only buying a bottle of pop and a candy bar with it once a month. Then I would pay off that one purchase at the end of the month on time. Would...

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