How is your credit score calculated?

Understanding the makeup of your credit score is the first step toward managing and improving it. Credit scores are made up of multiple moving parts, and not all components of a FICO credit score are created equal. Here’s a quick guide to get you up-to-speed on what matters, what doesn’t and how you can start …

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How Are Mortgage Rates Determined?

Most people don’t understand how mortgages work. Why would they? It isn’t something you learn in school or that comes up in everyday conversation. Understanding the process, however, can help a prospective homebuyer feel more confident with the process.

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Is Homeowners’ Insurance Tax Deductible in 2018?

When we’re engaged with our clients during the home buying or refinancing process, a large part of our job is to educate our clients so they can make the best decision based on their unique situation. While we’re the mortgage experts, oftentimes we will get questions that don’t necessarily relate directly to mortgages, but rather …

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Accunet’s Top 5 Rules for Smart Borrowing

Over the past 18 years, Accunet has seen its fair share of missteps and missed opportunities made by borrowers when purchasing or refinancing a home. Here’s what we think a prospective borrower would benefit from knowing before he or she decides how much to borrow and how fast to pay back the mortgage.

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APR: The Annual Percentage Rate & Your Mortgage

Annual Percentage Rate, more commonly referred to as APR, is a term any homeowner or buyer is familiar with. You know, it’s that percentage always mentioned after the mortgage interest rate. But what exactly is APR, and what does it have to do with your home loan?

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If You Can Pay Cash, Why Take a Mortgage?

The short answer is “opportunity cost.” Here’s a real story on a home purchase that just recently closed. I got a call from a financial advisor whose high-net-worth client’s daughter was about to buy her first home in the $250,000 price range.  The daughter, let’s call her Grace (not her real name), already had enough of …

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Saving for a Down Payment on Your First House

The decision to buy a house can be one of the biggest decisions in your life, especially if it’s going to be your first. You can’t just rush into it. You need to be prepared. While there are numerous factors to consider when readying yourself to become a home-buyer, an obvious big one is money …

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7 Common Mistakes Made by First-Time Home Buyers

As Millennial loan consultant David Wickert likes to say, “Nobody goes to mortgage class in high school.”  By this, David means that it’s perfectly normal for home buyers to not know all the ins and outs of the mortgage world and home buying process. After all, that’s what the experts at Accunet are here to …

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3 Tips When Buying a Condo

For many home shoppers, purchasing a condo makes more sense than buying a house. The maintenance and upkeep of owning your own home just doesn’t make sense for all buyers, but a condo still allows you to own your property rather than renting. That said, with the purchase of a condo, you are also buying …

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The Pre-Pre-Approval Conversation

Are you tired of paying rent? Have you asked yourself why you continue to essentially pay your landlord’s mortgage? These are the typical questions many Millennials ask themselves as they inch closer to becoming home owners, but there’s much more to that conversation that need to be addressed before beginning the home buying journey.

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Paying Off Debts to Qualify for a Mortgage

You’re looking to buy a home, and it’s time start looking at your finances to figure out what you have going on. You have some outstanding credit card debt, a car payment and student loans. Do you need to pay off those debts in order to qualify for a mortgage? Well, not necessarily, but in …

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Mortgage vs Cash – An Analysis That Can Help Any Home Buyer

Yes, the vast majority of home buyers will need to take out a mortgage when purchasing a home out of sheer necessity, but there are circumstances when paying cash is also an option. You might already be asking yourself why we’re bringing this up since paying cash for a home is only relevant to a …

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10 Commandments of Home Buying

Besides the purchase itself, buying a home typically includes a lot of homework, preparation and execution. That’s why in the process of buying a home, buyers can get sidetracked with other areas of the home-buying process, like buying furniture or moving money around to a different account. Those are important too, but moving forward during …

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What is an Escrow Account and What Does It Do?

Let’s face it, buying a house isn’t as easy as it may seem. The world of home mortgages has its own set of jargon and industry terms that many don’t truly understand. While you don’t have to be an expert, it’s always recommended to educate yourself as much as possible. With that in mind, let’s …

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Can I Get a Gift for a Down Payment?

Find out how you can get a gift for a down payment with Accunet Mortgage. Accunet President Brian Wickert breaks down the topic and explains two different ways you can finance a home using a gift from a family member or loved one.

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Saying ‘I Do’ to Buying a House

It’s a story we’ve all heard before – couple falls in love, gets married and buys a house. This has been a traditional life trajectory for years, but it’s a tradition being rivaled by an emerging group of homeowners. Married couples still represent more than half the number of home buyers in America, but in …

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What Makes a Good Real Estate Agent?

From friends and family, to friends of friends, it seems like everyone knows a real estate agent. While there are many outstanding real estate agents in the world, there are also plenty who are inexperienced and clearly the wrong choice for your situation. The ideal real estate agent should be a calming force, the voice …

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