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Divorcing? Should I sell or refinance? Deciding whether to sell or refinance a property during a divorce can be a complex and emotionally charged decision. Several factors should be considered, including financial stability, emotional attachment to the property, and the goals of both parties involved. Here are some considerations for each option: 1. Selling the…

Applying for fha loans Jacksonville? Getting a low-down-payment FHA loan may be a little bit easier now. The Federal Housing Administration has stopped flagging applications from people with previous FHA loan rejections, removing a potential obstacle. The flags, which applications used to carry for six months, were meant to help originators of FHA-insured mortgages assess…

Is now a good time to sell a house? US homeowners are in an awkward spot right now. Many purchased or refinanced their homes when mortgage rates hit historic lows in 2020 and 2021, and now that rates have shot up, they can’t buy a new home without taking on a rate that’s more than double what…

Two versions of appliances exist. PERMANENT – This means it is built in. Think of an island with a range top installed or built-in oven. These DO contribute to the value. DETACHED – Think of appliances you just push in and plug in but can be removed easily. These DO NOT contribute value because they…

A “lot loan” typically refers to a type of loan that is used to purchase a piece of land or a vacant lot. A lot loan is different from traditional home mortgages, which are used to buy homes that include structures. Lot loans are specifically designed for the purchase of land that doesn’t yet have…

Student loans can have an impact on your ability to get a mortgage, but the exact impact depends on various factors including the amount of your student loan debt, your income, your credit score, and the lender’s policies. Here’s how student loans can potentially affect your mortgage application: Debt-to-Income Ratio (DTI): Mortgage lenders look at…

Owning a dream home is a significant milestone for many individuals and families. However, navigating the complex world of home loans and particularly for first-time buyers, mortgages can be intimidating. That’s where the expertise of a reliable mortgage broker in Jacksonville, FL, comes into play. At North Star Mortgage Network (NSMN), we are dedicated to…

Are you thinking about purchasing your own property with the intention of either renting it out or selling it? Investing in a property can be an excellent source of additional income, and investment property loans can help a borrower finance the purchase of a home for the purpose of renovating it, then renting it out…

If you currently have a significant amount of debt and you own your current residence, you may be looking for some ways to reduce the overall amount of money that you owe. One solution to managing your debt while also lowering your monthly mortgage payments at the same time is refinancing your mortgage for a…

If you are a retired homeowner interested in gaining some supplemental income or purchasing a different property, you may want to consider a reverse mortgage. A reverse mortgage is a loan that is taken out of the equity that you already have in your home. There are many factors to consider when applying for a…