4 Surprising Things to Know About Homeownership
You’ve been saving for a down payment and preparing for the financial responsibility of homeownership for a while. So at this point, you probably think you have all of your bases covered. Read More
5 Reasons You’ve Been Turned Down for a Home Loan
The home loan process is one of the most involved and complicated processes out there. And it’s no surprise: Buying a home is a major financial commitment, and a lender puts up the money and takes on the risk. Read More
6 Key Facts You Should Know About Your Mortgage
When you are buying a home and getting a mortgage for the first time, the entire process can be overwhelming. And your checklist for must-haves and must-dos is often very long. Read More
5 Items that Might Not Be Covered in Your Homeowners Policy
Insurance is designed to help us protect our assets. One of the biggest assets you are likely to ever have is your home. Buying homeowners insurance is a must. What happens if your home is damaged? Chances are that you couldn’t pay for repairs out of your pocket. Insurance covers those costs, as long as you have paid your premiums. Read More
5 Things You Need Before Your Home Loan Closes
It’s easy to breathe a sigh of relief once your home loan is approved and you have a closing date set. However, just because your loan is in the works doesn’t mean that it’s a done deal. In fact, while you wait around for your loan to close, there are a few more things you need to make sure are done. Read More
Tips for Shopping Around for the Best Mortgage Rate
One of the best ways to save money on your mortgage is to get the best possible interest rate. A good mortgage rate can provide you with saves amounting to tens of thousands of dollars over the life of your home loan. Read More
How to Take Your New Housing Payment for a Test Drive
Looking for a new place? Will it cost a little more than what you’re paying now? Chances are that you need to take your new payment for a test drive, especially if you’re a first time home buyer. Even if you look at your financial situation, and you think that — on paper — you’ll be able to handle a bigger monthly payment, the truth is that the reality of a higher payment is usually more complicated. Read More
How much mortgage can I afford?
Before potential homeowners apply for a mortgage, they may ask themselves the all important variable, “How much home can I afford?” It’s always a good idea to ponder affordability in advance because it means you can look for houses that fall exactly within the your price range. Read More
Down Payment Assistance Programs – 2022
It’s no secret that grants are available to help you purchase a home are available. In fact, homebuyers can get down payment assistance (DPA) in thousands of locations, which helps them save on money they’d otherwise need for down payments. Many of these programs are run by the state, county, or city governments, so DPA programs are different depending on where you live. Fortunately, most home buyers may be eligible for thousands of dollars in downpayment assistance if they meet the requirements. Read More
Conventional Loans
The concept of conventional loans dates back to 1938 during the depths of the Great Depression. That’s when The Federal National Mortgage Corporation, also known as ‘Fannie Mae‘, was founded by the United States Government. Read More
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