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Deck Loans: Financing Options for Building a New Deck

MyBankTracker

Building a new deck can raise your property value, increase your living space, and add to your personal enjoyment. But like other home add-ons and renovations, a new deck isn’t cheap. The good news: Several financing options are available to cover the cost. Some homeowners save up and pay for the project with cash.

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Swimming Pool Loan: How to Finance a Swimming Pool

MyBankTracker

Installing a swimming pool in your backyard creates your own outdoor oasis. As you relax and cool off on your own property, every day can feel like a vacation. But, swimming pools aren’t cheap. In-ground pools can cost an average of $20,000 on the low end and upwards of $100,000 on the high end. How to Finance a Swimming Pool. Personal loan.

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USDA Loans: Eligibility, Income Limits and Application Process

MyBankTracker

However: There is a one-time upfront fee equal to about 1 percent of the loan amount , which you can wrap into your closing costs. There’s also an annual fee financed into the monthly payment. If you’re thinking about buying a home, you can choose between several home loans. What Are USDA loans? They only insure the loans.

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Pension Advance Loans: Why You Should Avoid Them

MyBankTracker

Pension advance loans are a type of debt that is collateralized by pension monies you expect to earn in retirement. In some cases, you can only borrow a percentage of what you’ve contributed to your pension fund. These loans are also known by other names depending on the way they are being packaged and offered: Pension advance. Pension sale.

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FHA 203(k) Loan: When Does It Make Sense?

MyBankTracker

If your current property needs repairs, you can refinance the mortgage and wrap the costs of these renovations into the new loan. The good news: You don’t need an existing FHA home loan to apply for an FHA 203(k) loan. Are you thinking about buying a fixer-upper? These properties are often a steal of a deal.

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Mortgage Rate Shopping: How Multiple Applications Affect Your Credit Score

MyBankTracker

But since rates, fees, and terms can vary from lender-to-lender, getting the best deal involves rate shopping and comparing lenders. Difference in fees. Getting a mortgage also involves fees. You’re responsible for closing costs, too, which are lender and third-party fees. Will this hurt your credit score?

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