How using collateral can give you more favorable loan terms than doing it without a form of guarantee Home Equity Using the home equity available in your home as collateral is one of the most common ways to offset the rate of your mortgage loan. By taking out a second loan or line-of-credit against the…
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Reasons to Re-Evaluate Your Insurance At Least Once a Year Re-evaluating your insurance every year ensures that you are properly protected and provide effective coverage at the best price possible. Knowing how and when to revise your policy not only saves money but also eliminates potential gaps in coverage. Here’s why it’s important to review…
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You can actually use purchasing a car as an opportunity to improve or repair your credit There are some important things to remember when making this kind of purchase, however. Call Man Nguyen from MN Financial Solutions LLC to evaluate your situation. Everybody has a different financial situation, so it is better to ensure a…
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Buying a home is probably one of the biggest financial decisions you’ll ever make With a lot riding on the home-buying process, understanding both how much and what kind of loan you qualify for are key elements in getting the most out of your home-buying experience. Prequalifying for your loan, which usually involves providing lenders…
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In Colorado, real estate disclosure laws dictate how residential property must be sold Home sellers must disclose any known material defects of the property that could potentially impact its value or use. This can include things ranging from a leaky roof to lead paint in the home or mold in the walls. Failure to make…
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Moisture is damaging to most kinds of flooring – From carpet and vinyl to hardwood and concrete It can create an uneven appearance, cause rotting or draw out the color from materials like wood. In many instances, moisture is invisible, yet it slowly deteriorates the material over time. If left unchecked, the effects of moisture…
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Life insurance is one way people can protect their loved ones in difficult times Life insurance is a vital part of protecting your loved ones in the event of death or an illness. With life insurance, you can provide financial protection for the ones that you care about and make sure that they are taken…
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Signs that it’s time to replace your flooring Holes in the Floor If you notice holes in your floors, then chances are they have been caused by water damage. Water damage can happen if you live in an area where flooding is common. If you find yourself having problems with leaks in your home, call…
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How to Ensure Electrical Safety During the Holiday Season Check cords and outlets Ensure that all of your extension cords are in good condition with no fraying or exposed wires, any outlets placed outside the house should be the proper type (GFCI), and make sure you don’t overload any circuits. Inspect before decorating Inspect any…
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Here are some important points about Mortgage Insurance Mortgage insurance is typically required for anyone with less than 20% equity in their home or for those with low credit scores. However, some lenders may waive it if you have a high credit score and substantial capital available for your down payment. The two main types…
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