When you get a copy of your credit report, you’ll see much more than just the credit accounts you have or had have. You can see your mortgage history, for example. You’ll see the original balance, the current balance, how old or new th...
Think you need to come up with 20% for a down payment in order to buy a house? It might surprise you to know that the median down payment for first-time buyers last year was just 7%, per the National Association of RealtorsÂ...
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If you're looking up "FHA loan requirements," you are very likely wondering if you qualify for an FHA loan. These mortgages, which are insured by the Federal Housing Administration, help home...
Whether you’re considering buying an existing home or purchasing a tract of land on which to build a new home, both options require considerable research. Both options also have some important differences you should be aware of so that y...
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The coronavirus pandemic has led to record-high unemployment rates not seen since the Great Depression. And this is particularly worrisome for would-be home buyers.
If you were among the 23.1 millio...
Mortgage rates are very low, so it must be time to refinance your home, right? While that will be the case for some borrowers, local lenders are taking a cautious stance.
It depends
“When you quote a rate, everybody wants the...
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If you need a mortgage to buy a home, rest assured: Prospective lenders will ask you a lot of questions. After all, loaning someone money is a risky proposition, so they'll want some assurance you'l...
If you're hoping to buy a home, having a good credit score is key to qualifying for the best mortgage rate—and the biggest loan you can get. Find out how to boost a low credit score into home-buying range.
The credit score to buy a house can be as low as 580.
A low credit score doesn’t have to lock you out of home ownership. A mortgage will probably cost you more (both in dollars and angst) than someone wit...