Lynn’s blog — page 3
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How Gifted Money Can Help With Your Mortgage
In the world of mortgages, “gift funds” can be a powerful tool to help make homeownership more accessible, especially for first-time buyers. What Are Gift Funds? Gift funds are sums of money given by one person to ano…
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The 50-Year Mortgage: Is It Helpful or Hype
If you’ve been watching housing headlines, you’ve probably noticed all the talk about affordability. With fast-rising prices, low inventory, and mortgage rates that haven’t exactly been kind, it’s no surprise buyers a…
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The Hidden Power of Homeownership: Why It’s the Cornerstone of Wealth
There’s a reason homeownership is called the American Dream – and the numbers back it up. According to Barry Habib from MBS Highway and data from the National Association of Realtors (NAR): Two-thirds of an individual…
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To Pay or Not to Pay – The One-Offs!
These are the unique credit situations that don’t fit neatly into the usual categories. They’re the ones that make people stop and ask, “Wait, should I actually pay this?” or “What happens if I do?” Now normally I’d s…
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Think Paying That Old Debt Will Help Your Score? Maybe Not…
“Should I pay off this collection from 2020?” Whew—if I had a dollar for every time someone asked me that! It’s one of the most common credit questions I get, and for good reason—it’s confusing!. So let’s break it dow…
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To Pay or Not to Pay – Let’s Talk Charge Offs!
Let’s dig into charge offs—those confusing little credit gremlins that often get lumped together with collections. While they might seem similar, they’re definitely not the same thing. Let’s break it down in plain Eng…
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What You Should Know About Buy Now Pay Later
Lately, I’ve been getting a lot of questions about Buy Now Pay Later (BNPL) accounts—not just from industry professionals, but from friends and clients too. So, I put together this quick guide to help break it all dow…
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Debt Consolidation: What You Need to Know Before Saying “Yes”
Debt consolidation is one of those topics that comes up often. We hear about it on the radio, in ads, or from friends who may have looked into it. But do we really understand when it’s a good option—and when it can ac…
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Credit Freezes, Locks, and Fraud Alerts: What’s the Difference?
Lately, I’ve been getting a lot of questions about credit freezes, credit locks, and fraud alerts—what they are, how they’re different, and when it makes sense to use them. So, let’s break it down in plain English. Wh…
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What You Need to Know About Fannie Mae, Freddie Mac & VantageScore 4.0
You may have seen the headlines or heard a little buzz about changes to credit scoring. Let’s clear up the confusion and get straight to what this really means for homebuyers. What Happened? Fannie Mae and Freddie Mac…
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