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Before buying your new house, you would need to consider the state of your finances. To find out if you are financially capable, you should first calculate your monthly income and find out how much money you can afford to put towards a new house. Most financial advisors suggest your monthly housing payment be around 25% of your monthly income. Read More

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Unlike conventional loans, FHA loans are insured by the Federal Housing Authority (FHA). They also must be offered by an FHA approved lender who will make sure that you meet the qualifications. The decreased risk from the loan due to the backing allows FHA loans to be offered to people that otherwise would not qualify for a traditional conventional loan. Read More

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Some mortgages are backed by the government to encourage the lender to give mortgages to a broader range of people. Conventional loans, however, are not backed by the government and thus are more difficult to qualify for. A minimum credit score of 620 is usually recommended but having a score above 740 will tend to provide you the best interest rates. While you can get a conventional loan with a down payment as low as 3%, putting down over 20% will prevent you from having to pay PMI, private mortgage insurance. Read More

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The housing market in Orlando turned out to be the bright light at the end of a dark tunnel otherwise known as 2020. If you own a home in Orlando, be it a residence or investment, you will be thrilled to hear that there has been a 10% average increase in home value since last year! Read More

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The U.S. Marines were a big part of many lives in the past and hold added benefits for veterans in the future. The Lore Team wanted to provide some background information to show the many achievements of the Marines Corps Reserve during and after their service for the country. Read More

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Welcome to our Home Buyer’s Guide series! Whether you are looking for your first home, your tenth, or you are not even ready to buy yet, this guide is intended to serve as your go-to resource for every step of the process! It is the LORE Team’s goal to make home buying an enjoyable and easy experience. This series will be broken up into multiple parts over the next few weeks, so stay tuned so that you do not miss any important information! Read More

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Welcome to our Home Buyer’s Guide series! Whether you are looking for your first home, your tenth, or you are not even ready to buy yet, this guide is intended to serve as your go-to resource for every step of the process! It is the LORE Team’s goal to make home buying an enjoyable and easy experience. Read More

Posted

Welcome to our Home Buyer’s Guide series! Whether you are looking for your first home, your tenth, or you are not even ready to buy yet, this guide is intended to serve as your go-to resource for every step of the process! It is the LORE Team’s goal to make home buying an enjoyable and easy experience. Read More