Search results for: “homeownership”
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2023’s Top 10 Big Cities for Renters in the US: A Comprehensive Guide for 2024
Urbanites like renting a property in a big city since it’s flexible and affordable. As of 2023, some US cities are appealing to renters. This guide discusses the benefits of renting, why young professionals are renting, and how to choose the best cities for renters. It also details the rental markets, attractions, and famous districts…
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Excitement Builds as New Jersey Residents Await $1,500 Anchor Rebate Payment in January
New Jersey citizens are excitedly awaiting a $1,500 stimulus payment from the ANCHOR Tax Relief Program 2024 on January 10, 2024. The program helps those who meet income, residency, and homeownership requirements with property tax issues. New Jersey Residents Awaiting $1,500 ANCHOR Rebate in January 2024 The $1,500 rebate is available to New Jersey homeowners…
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Colorado Legislature Passes Bills Benefiting Older Adults and Homeowners
In a positive move for Coloradoans, the state legislature passed several bills in November, with a particular focus on aiding older adults and homeowners. The changes include adjustments to the residential assessment rate, an increase in emergency rental assistance, and modifications to tax credits. These measures aim to provide financial relief and support to various…
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California Association of Realtors Launches $2 Million One-Off Payment Program for First-Time Homebuyers Facing Housing Affordability Challenges
The $2 million Housing Affordability Fund, a nonprofit established by CAR, aims to assist individuals facing difficulties in purchasing a home in the state. The California Association of Realtors (CAR) has initiated a grant program offering a one-off payment to first-time homebuyers Recognizing the widening homeownership gaps, particularly affecting marginalized communities, CAR highlights the lack…
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Overhaul of Mortgage Lender Regulations Marks Historic Shift in Fight Against Discriminatory Lending
This legislative overhaul, a long-awaited transformation, was led by the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. Mortgage lender regulations, established under the Community Reinvestment Act (CRA) of 1977, have been significantly modernized by banking regulators, marking a pivotal shift in the fight against discriminatory lending…
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15-Year Fixed-Rate Mortgages Gain Popularity as Rates Hold Steady
In today’s mortgage market, the rates for 30-year fixed-rate mortgages remain stable, providing potential homeowners with a consistent option for long-term financing. There has been a notable decrease in rates for 15-year fixed-rate mortgages, offering borrowers an attractive alternative for quicker repayment The 15-year fixed-rate mortgage, known for its shorter duration and accelerated payoff schedule,…
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Morehouse College and Activist Group Join Forces to Erase $10 Million in Student Debt
In collaboration with activist group the Debt Collective, Morehouse College has made a groundbreaking move to alleviate the student loan debt of nearly 3,000 of its college attendees. This initiative targets outstanding account balances for the 2022 fall term and previous years, with Morehouse College contributing close to $10 million toward this relief effort The…
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Resumption of Student Loan Payments Sparks Concerns for Credit Scores and Financial Stability
According to Tom Aliff, Equifax’s risk advisory leader, the average consumer credit score surged by 15 points during this period, with those previously burdened by poor credit witnessing a 30-point increase. The temporary halt on student loan payments, initiated in March 2020, potentially played a significant role in elevating Americans’ credit scores over the past…
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$850,000 In Housing Financial Support Coming To 2 Florida Fair Housing Organizations To Reduce Housing Discrimination
$850,000 in housing financial support is coming to two Florida fair housing organizations to reduce housing discrimination. $850,000 in Housing Financial Support Granted to Two Fair Housing Organizations to Reduce Housing Discrimination in Florida A housing financial support of $850,000 is granted to two fair housing organizations in Florida to continue the ongoing housing enforcement…
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Private Property Renters Continue Struggling To Pay Rent Amidst Lack Of Affordable Social Housing
Private property renters continue struggling to pay rent following a lack of affordable social housing. Private Property Renters Continue to Struggle Due to Increasing Rent and Lack of Affordable Social Housing Several private property renters continue to struggle due to increasing rent and a lack of affordable social housing provided, wherein private property renters are…