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Using a 401(k) Loan to Buy a House: Is it Worth It?

Posted by Craig Strent on July 27, 2017

Getting the money to buy a home can be an arduous task for many potential homebuyers. Owing to this reality, a lot of young buyers look for creative ways to come up with money needed for a down payment. Is borrowing from a 401(k) a feasible recourse to funding the perfect home? Here we'll take a look at the considerations and drawbacks of borrowing against a 401(k) so that you can weigh your options before deciding if it's the way to go.

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Topics: 401(k) Management, 401k for down payment, using 401k to pay for down payment?, 401k to buy a house

The Best Mortgage for You: FHA or Conventional?

Posted by Craig Strent on July 25, 2017

The Federal Housing Administration (FHA) is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly five percent of the purchase mortgage market, but today, 35 percent of millenials choose an FHA mortgage.  "Going FHA" is more common than ever before- but is it better?

In short, it depends on your situation. Like it's conforming counterpart, an FHA-insured mortgage is available as a fixed-rate loan and as an adjustable-rate one, and payments for either loan type are made monthly and come without prepayment penalties. However, FHA mortgages carry a different set rules that can render them more attractive to young buyers for financing as opposed to a conventional mortgage.

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Topics: Mortgage Insurance, FHA, Conforming, FHA vs. Conventional mortgage

Buying a Home for the First Time? Here's How to Get Started

Posted by Craig Meaney on July 21, 2017

There has never been a better time to be a first-time homebuyer. Millennials, the largest wave of homebuyers in history, are fundamentally changing the way it’s done—and their demand for fast & reputable answers, aversion to surprises in the process, and proclivity for instantaneous information on their phones is driving lenders to offer more transparency and resources than ever before. Here’s how Apex is empowering our first-time buyers in the digital age:

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Topics: mortgage process, First Time Home Buyer, First Time Homebuyer, plan to buy first home, buying first home, how to buy first home, first time home buying instructions

The 5 Essential Do's and Don'ts of the Homebuying Process

Posted by Stephanie Cox on June 5, 2017

Buying a home will most likely be one of the biggest purchases of your life, but it doesn't need to be challenging: follow these do's and don'ts of homebuying for an easy, breezy experience!

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Topics: Home Purchase, Home Purchasing, First Time Home Buyer

Top 5 Father's Day Gifts for the DIY Dad

Posted by Thomas Moody on June 5, 2017

 If you’re struggling to find gifts for the deserving DIY Dad in your life that he’ll actually want, then look no further. Here's a round up of 5 great gifts for the dad who's always fixing things up and doing projects around the house!

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Topics: DIY, Fathers Day Gift Guide, Projects that boost equity, Fathers day, DIY Dad Gifts

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