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Credit Moves That Could Effect Your Mortgage

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When getting a mortgage, credit can be a major concern, and there are a few key factors that could make or break your mortgage.

While in approval stages, there are red flags that could have an impact on your mortgage.

For instance, if your mortgage is in its final stages, it is not a good idea to apply for other credit, dispute a creditor, max out a credit card, or carry a high balance of debt.

These could have a negative impact on your mortgage.

Image by Catherine Scott via Wikimedia Commons.

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Insurance Companies Predicting Your Death

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It is not a simple question to ask customers when they think they will die. Life insurance companies must take it upon themselves to determine when a potential customer will perish before they will invest.

Companies compile large amounts of data in order to separate the healthy from the risky. This includes things like driving records, criminal records, drug use, and even hobbies.

Image by John Fischer via flickr.

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Housing Slump in China Dragging Down Economic Growth

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Lending and sales curbs imposed by the government in China has significantly slowed down the real estate market.

Realestate agents, who were extremely busy just 6 months ago, are no longer making sales.

“There are no buyers,” said Feng, 24. “We take three days off a week. We go out for barbecue and play poker.”

Some analysts fear that the slump will drag down economic growth and banks may be in trouble if developers default on loans.

Image by Kallgan via WikimediaCommons

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