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Ten things you should do now if you plan on buying In 2004
Unequal access to home mortgages persists in marketplace
How much home can you afford?
Buying may be a stretch, but new homeowners learn to cope
Protect yourself from excess mortgage charges
Brokers' errors may force early filers to fix tax returns
What homeowners should know at tax time
Take a final walk-through before closing
A rise in interest rates could burst housing market bubble
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  Ten things you should do now if you plan on buying In 2004

The decision of whether to buy a house in 2004 may seem daunting. Will prices increase? Will interest raises rise? How will the economy fare this year?


  Unequal access to home mortgages persists in rapidly changing marketplace

Lacking the skills and information needed to shop for the best mortgage products available in the marketplace, many low-income and low-wealth homebuyers and mortgage borrowers are saddled with high-cost mortgage debt.


  How much home can you afford?

Three elements are crucial to the purchase of a home: the down payment, closing costs and the mortgage.


  Buying may be a stretch, but new homeowners learn to cope

First-time homebuyers often stretch limited financial resources while fearing unknown expenses.


  Protect yourself from excess mortgage charges

Refinancing your mortgage is supposed to save you money. But if you're not careful, you could be paying far more than you bargained for.


  Brokers' errors may force early filers to fix tax returns

More than a few people have filed 2003 returns with errors that IRS computers can easily detect. These errors occurred, accountants said, because many people in late January received incorrect interest, dividend and capital gains income statements - via consolidated Forms 1099 - from their brokers and mutual funds.


  What homeowners should know at tax time

There are times when you're sorry you're a homeowner - like when your roof's leaking. But being a homeowner is usually good news at tax time because of the deductions you get.


  Take a final walk-through before closing

The last thing you want to worry about when you are about to move into your new home is whether your electrical system works, whether the basement leaks, and whether you have an insured warranty to cover it.


  A rise in interest rates could burst housing market bubble


A three-year home-buying frenzy has set the soaring U.S. housing market up for a likely fall.


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APR (ex: 7.25)
Years (ex: 30)


 

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