Waiting to purchase a home could prove costly for home buyers

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While 2017 watched home prices increase throughout most of New Jersey (up 8.1% in Union County), home buyers caught a break as mortgage rates increased far less than anticipated – hovering near historical lows for most of the year before climbing to just under 4% by year end....

Divorce and Your Home

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Can I keep my house – what are my options? During the time of separation or divorce, there are many questions you might be asking with regard to your current home and credit. Let’s explore some of the more common ones. If I am the one to receive the home in the settlement,...

CRA 3% Down Payment – No PMI Financing

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No PMI with 3% down… Yes, it’s true! For many New Jersey First-Time Home Buyers, homeownership just became a bit easier – and more affordable – thanks to a special 3% down payment, No PMI home loan offered by American United Mortgage Corporation. As part of their commitment to...

5 Common Home Buying Mistakes

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  Buying your first home can and should be an enjoyable life experience. One filled with pride and excitement as you set out to claim interest in a piece of American real estate to call your own.        Unfortunately the home buying experience for many...

4 Tips to Conquer Buying and Selling a Home at the Same Time

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One of the biggest challenges of moving is figuring out how to buy and sell a home at the same time. The problem arises when you already own a home, but want to buy a new home to move into. You can’t ever be sure of the exact date when your existing home will sell, and you don’t...

Howdy, Neighbor! 3 Steps To Choosing The Best Neighborhood

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Now that you have the power of a Full Loan Approval in hand, the next step is to choose the best neighborhood to set down roots. For this step, your Realtor® can be a valued resource. When you use American United’s Find a Realtor® tool, you can select a Realtor® who is an expert...

Why Full Loan Review Is Important When Purchasing A Home

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As a first time home buyer in New Jersey, obtaining mortgage approval should be the first step in your search. Prequalified or pre approval may lead you to believe you are on the road to the home of your dreams, however, these terms are misleading. Having pre approval or pre...
Building Your Home Buying Team: 6 Steps To Success

Building Your Home Buying Team: 6 Steps To Success

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Completing a successful home purchase takes a series of steps that includes the gathering of “people resources.” You can’t do it alone. Others will automatically need to become involved in your home buying, so it makes sense to take a proactive approach since it’s best to start...
4 Proven Ways To Boost Your Credit And Buy A Home

4 Proven Ways To Boost Your Credit And Buy A Home

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Whether you’re seeking a mortgage for a new home purchase or looking to get a construction loan, your credit score plays a large part in your plans. The higher your credit score, the better off you’ll be; a high credit score can get you better financing terms and lower interest...

Looking for a Better Mortgage Rate? Improve your Score

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Your credit report and credit scores are a major part of your mortgage application.  In fact, they help determine the rate of interest you pay on your loan.  And since the rate of interest drives your monthly payment, managing your credit report so it produces a high score is...
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