A down payment is something you’re likely going to need to get a mortgage to buy a home unless you’re using a Veterans Affairs (VA) loan. Saving up for a down payment is one of the more significant barriers for many people that prevent...
By Daniel Bortz
(courtneyk/iStock)
If you’re wondering how to qualify for a mortgage, you’re not alone. Do you just show up at a bank with a checkbook, and hope for a good mortgage rate and a smile? Hardly! Mortgages aren’t hand...
By Cathie Ericson
Because of the bravery and sacrifices of veterans and active military, the rest of the country’s civilians can live the American dream in safety. As one tangible way to say “thank you for your service,” current ...
Your home equity can be a valuable resource to you, depending on your financial situation. Your equity is the interest you have in your home, as the owner. Your equity increases over time in two ways. Equity increases if your property valu...
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...
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...
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. ...
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 Realtors�...
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...
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...