Posts Tagged ‘down payment’
How long does it take to buy a house? By MSN.com
In the age of next-hour delivery, we've all grown accustomed to transactions that happen in a few clicks. Buying a house, however, requires much more time, more signatures and more waiting. Understanding the homebuying process can help gi...
8 Steps To Take Now To Prepare To Buy a Home in 2021 By BiggerPockets
Is 2021 the year you become a homeowner? Or make that long-overdue trade up to a larger home that fits your growing family? Buying a home is the largest financial transaction and the largest asset most Americans ever own. It’s usually...
What Exactly is a ‘Government Backed’ Mortgage? By Realtor.com
One may or may not be familiar with the term ‘government backed’ but it might be a bit confusing at first. First, what it’s not, isn’t a guarantee someone is going to get a mortgage because it’s backed by the federal government. ...
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...
Prices toll on affordability By Fidelity Mortgage
Every U.S. metro area tracked by the National Association of Realtors (NAR) in the third quarter of 2020 saw home prices rise, driven by unprecedented demand, low mortgage rates and depleted nationwide housing inventory. In October, the...
Get The Home You Want, Millennials: Smart Strategies For First-Time Homebuyers By RealtyTimes.com
Hey, Millennials. Come on into the real estate market! We really need you to buy some homes so we can keep chugging along. Oh, wait. Prices are rising and so are interest rates, plus inventory is scary low. Hmmm. Well, come on in anyway, w...
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...
Fact or Fiction? 6 Down Payment Myths You Should Stop Believing Immediately By Realtor.com
If you're thinking about buying your first home, that pesky down payment has probably kept you awake more than a few nights. We get it—while a pre-approval is crucial for determining your buying power, it's the down payment that shows yo...