Posts Tagged ‘down payment’
How to Qualify for a Mortgage: Income, Credit, and Debt Requirements for a Loan By Realtor.com
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...
5 Things You Didn’t Know a VA Loan Could Do for You By Realtor.com
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 ...
What Are the Best Ways to Use Your Home’s Equity? By RealtyTimes
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...
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 Realtors...
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...