4 Surprising Things That May Increase How Much Your Home Is Worth » Mortgage Masters Group
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If you’re like many homeowners, you most likely have a "to-do" list of improvements you want to make to your home. Whether you intend to sell your home in the near future, or you just want to make updates for your own benefit, home improvements are an investment that can actually increase the value of your house.
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My credit score may as well show a negative sign before the number. It’s abysmal. Student loans make my debt to income ratio sky high, together with my mortgage. I don’t have much. your debt you.
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Home buyers often plan their home price based on annual income. Assuming $70,000 annually and twenty percent down, a consumer could afford a home of about $360,000. Now add a $250 monthly HOA fee.
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If your loan balance is more than the value of your home, your heirs won’t have to pay more than 95 percent of the appraised value. The remaining balance of the loan is covered by mortgage insurance. Note: This information only applies to home equity conversion mortgages (HECMs), which are the most common type of reverse mortgage loan.
Speaking of parks, if you live within walking or driving distance to a park or large recreation area your home’s value will surely go up. Depending on your preferred hobbies, you may want to buy a home that’s in close proximity to things like a golf course, playground, tennis courts, or dog park.
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