If you’re in the market for a home, particularly your first one, it’s advisable to meet with a mortgage lender at the beginning of the process. Having a mortgage pre approval letter from a lender...
If you’re in the market for a home, particularly your first one, it’s advisable to meet with a mortgage lender at the beginning of the process. Having a mortgage pre approval letter from a lender...
If you make only the monthly payments set by your mortgage company, in the end, you will pay a significant amount of interest. Making biweekly mortgage payments can save you money by reducing interest and...
The trend in home buying has moved away from large down payments. In fact, today’s average down payment is just 6 percent, with zero-out-of-pocket deals more common than you might think. Accumulating savings while working...
Congress and the president passed the most sweeping tax law overhaul in a generation at the end of 2017. Let’s take a look at how the tax benefits of homeownership have changed and how the...
When shopping for a mortgage, one number, in particular, plays a major role — a good credit score. A higher number means you’ll be offered a lower interest rate, which means a more affordable mortgage....
Buying a home is an exciting process requiring lots of decisions. What common mistakes do people make, and how can you avoid them? Here is a list of things to avoid. Glossing over pre-approval. Don’t...
Nationally, about a quarter of homes are sold in all-cash transactions. If you have sufficient cash to purchase outright without a mortgage, is this the best choice? Let’s examine the factors to consider. What an...
The housing crash of 2008 led to a tightening of mortgage lending standards. Now rules are loosening again. What can you expect when applying for a loan to buy a house? Is the Water Just...
When applying for a mortgage, one of the first decisions a buyer must make is whether to lock in an interest rate on a mortgage. It’s somewhat of a gamble, but can be less stressful...
If you haven’t bought a home in recent years, the paperwork you’ll be confronted with will look a little different this time around. That’s because of new regulations put in place following the 2008 financial...
