Mortgages and Banking

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Fed Raises Rates for First Time in 2016, Anticipates 3 Increases in 2017

The Federal Reserve said it would raise its benchmark short-term interest rate for... More

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Financing--It's Backcbtardcfwwbueawrytyd

More money, new lenders, and relaxed credit standards revitalize the once-flagging market for home improvement financing. More

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More rooftops in the works? Maybe ... or maybe not

The housing outlook may not be as rosy at it seems at first blush. What are the headwinds, the challenges, and the drags on housing behavior that may materially effect roofers' business in 2013? More

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High Credit Scores Required in Today's World of Unsecured Financing

Brandon Perry, president of AMS Financial Solutions, in Charleston, S.C., talks about home improvement financing. More

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Incentives Drive Home Performance Projects

Local weatherization programs gear up to help homeowners finance energy-efficient... More

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Sunroom Sales Stumble In Tight Credit Economy

As demand has plummeted, sunroom dealers have had to adjust to a different kind of market. More

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Where Have All The Lenders Gone?

How the credit crunch has affected the way home improvement companies do business More

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Same-as-Cash Financing

Retailers such as The Home Depot and Best Buy have found deferred-interest "same-as-cash" credit promotions an effective way to increase sales. The store lets the customer walk away with the purchase for no money down, and agrees to not charge interest if they pay in full before an agreed-on deadline, which could be 30 days, 6 months, or 1 year from the date of purchase. More

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Custom Fit

Most contractors find that people who finance home improvements tend to spend more than those who pay cash. Contractors who understand the various types of credit products and know how to present them will be more likely to lead the customer to make the decision to finance. More

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Special Financing Section: Loans of Your Own

For most remodelers, the offer of financing consists of matching up the customerwith a lender, whether that lender is a big finance company or a localbank. The remodeler makes no money on the deal, but also assumes no risk. Thepayoff is in the quality and volume of work they get, as well as in happiercustomers. More

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