09 Oct 2019
By RESCO Realty

More Home Loan Options Now Available For Borrowers With Bad Credit

Mortgage, ,
For a long time after the real estate housing crisis in 2008, buyers with a poor credit history had a difficult time finding mortgage financing. It was a problem that trapped those seeking to buy a home because so many lost their homes from the inability to pay their mortgages. Some suffered damage to their credit history that was severe. Millions filed for bankruptcy. Not only did mortgage lending requirements get stricter for home buyers, but the funds available for home loans were also severely reduced. Even those with a good credit history found it more difficult to qualify for…
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08 Oct 2019
By RESCO Realty

What Causes Mortgage Interest Rates To Fluctuate?

Mortgage, ,
The mortgage interest rate represents the cost of borrowing money to purchase a property. Mortgage interest rates are not fixed; that is, they fluctuate from one period of time to the next. Many different factors play into what your mortgage interest rate will finally turn out to be. Some of these factors have to deal with the economy and government decisions. Other factors have to do with your personal financial situation. Finally, mortgage interest rates can differ between lending institutions, which is why you may get different mortgage interest rate quotes from different places. Economic Factors That Cause Mortgage Interest…
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02 Oct 2019
By RESCO Realty

Expanding Opportunities For Home-Buying In ‘Opportunity Zones’

Mortgage, ,
Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act to encourage investors with capital gains on other investments to invest that money in low-income and undercapitalized communities. They get a reward of deferring capital gains tax. They avoid a portion of it altogether if they keep the investment for five years or longer.  What started with a trickle of a few Opportunity Zones scattered around the country is now a deluge with over 3,000 approved Opportunity Zones approved in just about every part of America. 4,700 more areas may also qualify. Opportunity Zones Expanded Dramatically The very…
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