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Home Buying: Information
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Today, as part of the introduction of No Fee Mortgage PLUS, Bank of America launches a new multi-media microsite that creates a personalized user experience for mortgage customers based on their level of home-buying experience. Utilizing a blend of green-screen video and Flash technology, the site revolves around "Susan," a friendly and knowledgeable mortgage specialist who walks, talks and guides site visitors, all the while serving up relevant information. Highlights of Susan's offerings include authoritative mortgage articles, robust custom calculators, an in-depth glossary and interactive mortgage checklists - among many other features. The microsite was developed to serve as an information center around the mortgage process and provide a more engaging, high-profile online presence for Bank of America's suite of mortgage products. Visit http://www.bankofamerica.com/nofeemortgageplus to learn more about No Fee Mortgage PLUS.
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According to research conducted by Freddie Mac, reliable, accurate information about home buying is not reaching all communities. The research uncovered common misconceptions about home buying among African Americans and Latinos. For example, almost half of African Americans and Latinos believe that they need a 20 percent down payment to buy a home, and that they need almost perfect credit to get a loan. In addition, more than half of African Americans and Latinos believe that they must have the same job for at least three years to get a loan. (See fact sheet at end of press release for more homebuying misconceptions).
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One needs to apply a neighborhood litmus test when buying a home. Things to consider include schools, nearby growth and development, and convenience. Local governmental agencies often list a school district’s rankings. This information can ... be found on the Internet. If all else fails, real estate agents have access to this information and can be very helpful. The value of your home will appreciate much more if it is located in a neighborhood with good schools.
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MarketLinx MLS Wireless enhances the home buying and selling experience by giving real estate professionals the ability to immediately receive and respond to consumer requests and market updates. Key product features include the ability to search for and e-mail property listings, view hot sheet information and retrieve contact information from the agent and office roster -- all from a wireless handheld device.
Brandon Cornett is the editor of HomeBuyingInstitute.com, one of the Internet's largest and most respected libraries of home buying information -- more than 100 expert articles in 12 different home buying categories! Put this knowledge to use by visiting www.HomeBuyingInstitute.com
There is a lot of information involved when it comes to buying a home, obtaining a mortgage or refinancing a mortgage. You have closing costs to consider, interest rates to look at, mortgage loan prog
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