mortgage

Purchasing a new home can be a wildly exciting time. It can also be an especially stressful one, particularly when unexpected expenses arise that catch you off-guard. Understanding what costs to expect during the process and how you can save on them can not only make the process more affordable and smooth, but can save you a lot of undue stress. We at Middlefield Bank have put together a guide to help you understand what closing costs are, how much you can expect to pay for them, and some tips...
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Home equity is a crucial concept for homeowners, offering a pathway to financial stability and opportunities for leveraging the value of your property. This guide will help you understand what home equity is, how it works, and how you can make the most of it. What is Home Equity? Home equity is the difference between the market value of your home and the outstanding balance on your mortgage. Essentially, it's the portion of your home that you truly own. For example, if your home is worth...
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The journey to owning your dream home is an exciting one, but it comes with an important decision: should you build a new home from the ground up or buy an existing one? Both options have their advantages and challenges, and the right choice depends on your personal preferences, timeline, and budget.  The Case for Building Your Dream Home Building a home from scratch is a thrilling prospect, allowing you to create a space that’s truly your own. Here are some reasons why building...
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