Mindblown: a blog about philosophy.
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Greenville County considers major changes to affordable housing policy
Greenville County Council is considering changes to its affordable housing policy, originally established in 2022 to aid low-income residents amid a housing shortage. Critics argue the current tax incentives for developers are too generous and allow for "double-dipping" with other funding sources. Proposed revisions include creating separate programs for affordable and workforce housing, with lower…
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Essential Tips for Building Strong Credit
Key factors influencing credit scores include payment history, credit age, and utilization. Use credit cards responsibly, pay on time, and keep balances low.
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Essential Legal Tips for Home Buyers
Verify property titles to confirm ownership and any liens before purchasing Real Estate. Review the purchase agreement carefully, noting terms like price, financing, and contingencies.
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La mayor parte de 2024 ha pasado y los precios de las viviendas en SC siguen subiendo. Aquí es donde es peor y cuánto
Los precios de las viviendas en Carolina del Sur han seguido aumentando a lo largo de 2024, con ciertas áreas experimentando los incrementos más significativos. Continue to full article
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Midyear Check-In: New Forecast Shakes up 2024 Predictions
Mortgage Rate Relief: Year-end forecast dips to 6.3%. Home Prices Rising: Home prices are predicted to grow by 4.6% in 2024, reversing earlier expectations of a decline.
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Saving for a Down Payment
Before saving for a home down payment, calculate the amount needed and set a deadline. Automatic deposits can simplify saving, and cutting expenses can increase savings. Down payment assistance programs may offset costs. The down payment influences affordability, interest rate, loan eligibility, and monthly payment. The minimum down payment depends on the loan program, and…
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Maximize Savings for Buying Your First Home With the 28% Rule
The 28% rule suggests spending no more than 28% of gross income on a mortgage. FHA allows up to 31% of gross income for mortgage payments, offering more flexibility.
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Late-Q3 2024 Rate Cuts: Best Time to Buy?
Recent years have seen high mortgage rates and elevated home prices, making buying a home difficult.Cooling inflation has lowered mortgage rates to a 15-month low, offering new opportunities for homebuyers.
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Don’t Get Burned: Essential Refinancing Tips
Rates remain high but may fall soon, making refinancing potentially beneficial for recent borrowers. Verify sufficient home equity (typically 15-20%) before considering refinancing your home equity loan.
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Tips for Your Upcoming Mortgage Renewal
Initiate discussions with lenders up to 120 days before renewal to compare rates and secure the best termsExplore options beyond your current lender to ensure you're getting the most competitive rate.
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