Auto Added by WPeMatico
Buying a house with no down payment is possible. It sounds crazy, but there are loan programs that don’t require money down; however, you must still cover the closing costs, in some cases. So you’ll need some money to close…
If you get your credit score from your credit card company or bank but then apply for a mortgage, and the score is different, you might wonder why. Two types of credit scores dominate the market – mortgage credit…
Applying for a mortgage is a big deal, and the lenders want you to take it seriously. In addition, once you apply for a mortgage, you must keep your credit, income, and assets status quo. Any changes could risk…
If you’re considering buying a new home but don’t have enough money saved for a down payment, a down payment assistance (DPA) program may help. DPA programs help first-time homebuyers secure funds for a down payment and closing costs, so…
FHA loans have a reputation for being only for first-time homebuyers, but they could be a solution for almost any homebuyer. If you don’t have ‘great’ credit or your debt-to-income ratio is higher than conventional loans allow, an FHA loan…
Conventional loans don’t have upfront mortgage insurance fees like government-backed loans (FHA) have, but there are fees behind the scenes many borrowers don’t realize. You may not see the charge, but it’s wrapped into your interest rate, affecting your mortgage…
You’ve likely heard that buying a home requires a 20% down payment. But that’s not always the case; actually, it’s rarely the case. Is a 20% down payment nice? Absolutely. But can you buy a home without 20% down? Most…
If you’re thinking about buying or selling a home, you probably want to know what’s really happening with home prices, mortgage rates, housing supply, and more. That’s not an easy task considering how sensationalized headlines are today. Jay Thompson, Real…
Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to…
There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional…
