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What is a Conventional Home Loan?

  If you are looking for a home loan, considering a conventional loan is a great place to start. As America recovers from its’ economic turmoil, equity is slowly returning to the average homeowner. You might want to again consider a conventional loan as your vehicle of choice to the American Dream. Definition A conventional […]

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How mortgage calculators work

How Mortgage Calculators Work

Mortgage calculators are tools that can help estimate your monthly mortgage payments. There are many different types of mortgage calculators available, but we are going to focus on 3 of the most popular calculators: Mortgage Payment Calculator, Affordable House Calculator, and Refinance Calculator. Mortgage Payment Calculator All you need is the estimated amount of your […]

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What is an FHA Loan?

History The FHA (Federal Housing Administration) home loan is one of several government-insured loans. It has been offered by the Federal Housing Administration since 1934 according to HUD (U.S. Department of Housing and Urban Development). This loan type has helped over 40 million families in America purchase a home. Features The FHA doesn’t lend money […]

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The Benefits of Home Ownership

Are you dreaming of a large backyard, two car garage, driveway, and having a place that kids can grow up in? Chances are, you are thinking about buying a home. Purchasing a house is a major decision in most people’s lives. It can lead to personal happiness, and may help families financially over time. For […]

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Emergency Funds - NFM

Emergency Funds

If you suddenly lost your job, would you be able to live comfortably until you found a new one? Emergency funds are your financial cushion in case the unexpected happens. Why you Need One Having an emergency fund allows you to have a financial safety net in case there is a major change in your […]

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Staging your Home for faster sales - NFM Lending

Staging Your Home For Sale

‘Staging’ is a term used by real estate agents that means to set up your home to look like a model home, making it more marketable to potential buyers. Through this process, you increase your home value and become more easily emotionally detached from the house. The ultimate goal of staging is to make your […]

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How to Help Improve Your Credit Score

When applying for a purchase loan or refinance, your credit score is of great importance. Credit scores tell lenders how well a person manages their existing credit, and are telltale signs of how reliable they are with paying off loans. Lenders also use credit scores to determine the interest rate they will charge a borrower. […]

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The Life of a Mortgage Loan

Throughout its course of existence, a loan takes on various forms of being: application, amortization, re-finance, maturity. It could stay in the lender’s portfolio for its duration or move into the exciting world of the secondary market.  It may split off into two loans if the borrower decides to obtain a home equity line of […]

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