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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

Get started: Shop around with at least three lenders or a mortgage broker to increase your chances of getting a low interest rate. Get a home inspection A home inspection provides an overall picture of the property’s condition and any mechanical or structural issues it might have. Some sellers won’t agree to extensive repairs.

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Mortgage Refinancing: What Is It And How Does It Work?

Savings Corner

No-closing-cost refinance Caret Down A no-closing-cost refinance is a type of low-cost refinance that allows you to refinance without paying closing costs upfront. Let the lender or appraiser know of improvements, additions or major repairs you’ve made since purchasing your home. This could lead to a higher refinance appraisal.