Posts Tagged ‘credit score’
You Don’t Need 20% Down and Seven Other Myths That Are Getting in the Way of Homeownership By RealtyTimes
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...
FHA Loan Requirements: What Home Buyers Need to Qualify By Realtor.com
designer491/iStock 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...
Buying Land for Building a Home Versus Buying a House By Realtors® Land Institute
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...
How Unemployment Can Affect Your Plans To Buy a Home—Now and Later By Realtor.com
thianchai sitthikongsak / Getty Images 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...
There’s more to refinancing than low mortgage rates By Post Independent
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...
8 Mortifying Questions You’ll Be Asked When Applying for a Mortgage By Realtor.com
Duncan_Andison/iStock 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...
How Long Does It Take to Improve Your Credit Score Enough to Buy a Home? By Realtor.com
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.