Posts Tagged: mortgage

Know Before You Owe: How The New Mortgage Rules Will Affect First-Time Condo Buyers
Know Before You Owe: How The New Mortgage Rules Will Affect First-Time Condo Buyers

Know Before You Owe: How The New Mortgage Rules Will Affect First-Time Condo Buyers

  |   By AuthorMy First Apartment
On Oct. 3, the Consumer Financial Protection Bureau implemented a major new revision to the mortgage process. The new program, known as “Know Before You Owe”, might mean headaches for banks and loan lenders, but the increased transparency is good news for everybody in the market for a new home, including first-time condo buyers. What…
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8 Things to Do Before You Start Condo Shopping
8 Things to Do Before You Start Condo Shopping

8 Things to Do Before You Start Condo Shopping

  |   By AuthorMy First Apartment
So, you’re ready to leave apartment life behind and purchase your first condo? Fabulous news! Making the decision to transition from renting to full-fledged ownership is a huge, exciting leap, especially if you’ve been renting for years. As you skim over this, you’re probably already browsing through listings, drooling over cool condo amenities, and planning the guest…
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Top 5 Things I Wish I’d Known Before Buying a Condo
Top 5 Things I Wish I’d Known Before Buying a Condo

Top 5 Things I Wish I’d Known Before Buying a Condo

  |   By AuthorMy First Apartment
With any big life change, there’s a certain degree of blind faith. Sure, you ask people who have gone through the same experience (see: MyFirstCondo.com), but often these big changes amount to trial by fire. Looking back with the wisdom of a veteran (almost 2 years!) condo owner, there are many things I wish I’d…
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Should You Pay Extra on Your Mortgage Principal?
Should You Pay Extra on Your Mortgage Principal?

Should You Pay Extra on Your Mortgage Principal?

  |   By AuthorMy First Apartment
As much as you love your new condo, you sure are paying a lot of interest on your mortgage. You’ve heard that it’s possible to pay extra principal each month – and that there are benefits to doing so, including reducing your overall interest payments. Is this true? How does it work? Assuming you have…
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