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....
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...
The financial world hangs on the mere hint of a possible interest rate increase by the Federal Reserve. But what about rank-and-file consumers? What does the Federal Reserve do, and how does it affect what...
Homebuyers must make two large payments when purchasing a house. One is the earnest money paid upon execution of the sales contract. The second is the down payment to the lender at closing. What are...
Are you in the market for buying a second home? You probably have lots of questions — what’s it like to qualify for a mortgage on a second home, and are there still tax advantages?...
You may have heard the term “reverse mortgage,” but have you ever investigated how they work? Here’s a tutorial to help you understand if a reverse mortgage is right for you. What is a reverse...
