NMLS 2275047

How to Choose Between a Fixed-Rate and a Variable-Rate Mortgage

When you’re in the market for a new home, one of the most important financial decisions you’ll make is choosing between a fixed-rate and a variable-rate (also known as an adjustable-rate) mortgage. Each type of mortgage has its own set of advantages and disadvantages, and the right choice depends on several factors including your financial […]

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The Effects of Making Extra Mortgage Payments

For many homeowners, paying off their mortgage early is an attractive option. It can mean significant savings on interest, increased equity, and the peace of mind that comes with being debt-free. One effective strategy to achieve this goal is making extra payments on your mortgage. Here’s a closer look at how extra mortgage payments can […]

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Estate Planning and Home Ownership – What You Need to Know

Estate planning is an essential aspect of financial management, particularly for homeowners. It involves legally structuring the future disposition of current assets, including your home. Proper estate planning ensures that your assets are distributed according to your wishes, potentially reduces estate taxes, and can provide peace of mind to you and your loved ones. Here’s […]

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Homeowner’s Association Ups and Downs

For many homebuyers, whether or not a property is part of a Homeowner’s Association (HOA) can be a significant factor in their purchasing decision. HOAs are organizations in residential subdivisions, planned communities, or condominium buildings that make and enforce rules for the properties and their residents. Understanding the benefits and considerations of living in an […]

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Looking Toward the Future – How to Save for a Down Payment While Renting

Saving for a down payment on a house can seem daunting, especially when you’re already managing the costs of renting. However, with the right strategy and a bit of discipline, it is entirely possible to set aside enough for a down payment without compromising your current lifestyle too much. Here’s how you can effectively save […]

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Keep Building Your Savings – The Importance of a Side Fund for Maintenance

Owning a home is a significant achievement and a valuable investment, but it also comes with ongoing responsibilities, notably in the form of maintenance. Regular upkeep is crucial to preserving the value of your home and ensuring it remains a safe and comfortable place to live. Today we’re exploring the importance of saving for home […]

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Build vs. Buy – The Benefits of Building vs Buy-ing Your Next Home

Deciding between building a new home and buying an existing one is a significant choice that prospective homeowners face. Both options offer unique advantages, and the best choice depends on individual preferences, budget, and timing. Today we’ll explore the benefits of building a home compared to buying an existing one, and hopefully this will help […]

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The Role of the Home Inspection in Mortgage Approvals

When purchasing a home, the mortgage approval process involves several critical steps, one of which is the home inspection. While not always a mandatory requirement for mortgage approval, a home inspection can play a significant role in the home buying journey. It not only affects the buyer’s decision but can also influence the lender’s willingness […]

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Your Home’s Equity Can Work for You

Here’s how to use it to finance major expenses. Homeownership comes with a significant advantage: building equity. Home equity is the difference between the market value of your home and the amount you still owe on your mortgage. As you build more equity, you gain access to a valuable financial resource that can be used […]

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Questions to Ask When Choosing a Realtor

Let’s Get a Few Things Straight – Here are some questions to ask before choosing a Realtor. Finding the right realtor is crucial when you’re buying or selling a home. A competent realtor can guide you through the complexities of real estate transactions, ensuring a smoother and more successful experience. Here are some essential questions […]

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Understanding Mortgage Points and How to Use Them

Mortgage points, also known as discount points, are a form of prepaid interest that homeowners can purchase to lower the interest rate on their mortgage loans. Understanding how to effectively use mortgage points can save you a significant amount of money over the life of your loan. Here’s a deeper look into what mortgage points […]

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Property Taxes on the Rise? What does it mean for you?

For many aspiring and current homeowners, understanding the impact of property taxes is crucial, especially in environments where these taxes are on the rise. Property taxes can significantly affect the overall affordability of owning a home, influencing everything from monthly mortgage payments to long-term financial planning. Here’s what you need to know about the effect […]

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NMLS Info

Company NMLS: 2275047

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2424 N Federal Hwy, Suite 100
Boca Raton, FL 33431
(561) 395-6900
(888) 216-6476

NMLS 2275047

CHOICE MORTGAGE GROUP

Official Mortgage Lender of Florida Atlantic Athletics

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2424 N Federal Hwy, Suite 100 Boca Raton, FL  33431 | Phone: (561) 395-6900 Toll-Free: (888) 216-6476
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