How much mortgage can I afford?

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

Down Payment Assistance Programs

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

Conventional Loans

Conventional loans are considered the ‘garden variety’ of mortgage programs. And while the term ‘conventional loan’ is defined as any mortgage that isn’t guaranteed or insured by a government agency, conventional loans can be either “conforming” or “non-conforming”. Conforming loans are conventional programs that meet or ‘conform’ to guidelines set forth by the Federal Housing Finance Agency (FHFA), as well as the funding criteria for either Fannie Mae and Freddie Mac.

Read More

As seen in:
CBS Moneywatch CBS News Yahoo News US News AP
Secure EHL