Featured Article When Is It a Good Time to Buy a House?

Featured Article When Is It a Good Time to Buy a House?

Featured Article When Is It a Good Time to Buy a House?

Category: Finances


4 Questions About Down Payments Answered

4 Questions About Down Payments Answered

There’s a lot of misinterpretation and confusion surrounding down payments. To clear up any confusion (or anxiety), we’ve answered four common questions that many first-time homebuyers may have.

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What Is Private Mortgage Insurance?

What Is Private Mortgage Insurance?

Are you buying a home? If you get a conventional loan, you may be required to have private mortgage insurance (PMI), which protects your lender in case you default on your loan payment. Let’s talk about how PMI effects your monthly mortgage payment.

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Why all credit scoring is not created equal

Why All Credit Scoring is Not Created Equal

Your credit score is important when you apply for a loan. The credit score you can look at for free online may be different from the one your mortgage lender pulls, which may be different from the one your auto loan lender pulls. But why is this?

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What's the Difference Between Locking and Floating Your Rate?

What’s the Difference Between Locking and Floating Your Rate?

One of the most delicate mortgage decisions you’ll make is whether to float or lock your rate. Your interest rate helps determine your monthly payment and your lifetime loan amount. A small change could mean thousands over the life of the loan.

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Should You Consider Adding Co-Borrower to Your Mortgage?

Should You Consider Adding Co-Borrower to Your Mortgage?

For most people, buying a home will require a loan. A lender will consider many factors when reviewing your loan application, like debts and credit. You can apply for a loan on your own or with a co-borrower in order to strengthen your loan application.

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What is down payment assistance?

What is Down Payment Assistance and Do You Qualify?

Many buyers may think they don’t have enough saved for a down payment to purchase a home. The good news is special programs have been developed to offer down payment assistance, and it’s offered by more organizations and agencies than you make think.

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How much can the seller pay toward my closing costs?

How much can the seller pay toward my closing costs?

Your loan estimate will include the closing costs. Depending on the type of loan you get, you may be able to get the seller of the property to cover some or all of your closing costs. This can be decided during your sales contract negotiation.

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4 Ways To Make Homeownership A Reality for Single Parents

All The Single Parents: 4 Ways To Make Homeownership A Reality

Looking for and financing a home as a single parent may feel challenging, but in reality, it’s not much more different from any other circumstance. Here’s what you need to know when you’re house hunting on your own.

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Understanding The Loan Estimate

Understanding the Loan Estimate

The path to homeownership is full of research and decisions. Luckily, forms like the Loan Estimate exist to summarize and help you better understand your loan details and options. We’ve broken down each section to make it even easier.

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Wedding home funds and gifts for a down payment

Weddings and Home Loans: Using Gift Funds for a Down Payment     

Not only is it wedding season, but it’s also home buying season. And you’d be surprised by how often newlyweds upgrade…

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