A first home purchase can be stressful and overwhelming. While it’s fun to tour homes and imagine the dream house you’d like to have, overcoming the financial hurdles is a different story. But don’t fret. This comprehensive guide for homebuyers who are first-time buyers will guide through the entire buying process from beginning to end....
If you’re fed up of living in a rental, it might be time to invest in the first house you own. The first time homebuyer experience can be stressful, but a lot of the myths surrounding buying a house aren’t true. You don’t require an outstanding credit score and you don’t require 20% down payment. A...
A home is an essential aspect of the American Dream, but it is often a dream for those with credit issues. The thought of being shackled by a low credit score may make you believing that the goal of owning a home is not possible. But here’s the twist: a low credit score will not...
In today’s highly volatile market for housing, ensuring that your home is protected from sudden repairs or replacements becomes more important than ever. As homeowners want peace of mind in the uncertainty of homeownership, homeowners’ guarantee companies are stepping up to provide protection against the possibility of unexpected costs. What is a Home Warranty? Home...
Many people want to buy a home but think it’s impossible because they don’t have the money for a down payment. Traditionally, lenders require you to put 20% down. But a 20% down payment adds up to a lot of money. For example, if you plan to buy a $150,000 home, you’ll need to...
You’ve been working for weeks on documents to submit your mortgage application. Now that you’ve been approved for the loan now is the time to discuss numbers. When you first look at the document that outlines the details of your monthly mortgage payment, the word PMI grabs your attention. It’s about $100 per month but you’re not sure...
Refinancing your mortgage could be an intelligent financial decision when done the right method. You can draw on your home’s equity, receive lower interest rates or even reduce or extend the terms of the loan. Each of these is excellent results for both you and your pocket. It isn’t a matter of time since you bought...
If you’re a military veteran or member who is considering purchasing a house it is advisable to avail the benefits provided by the VA mortgage. With this program family members of veterans are able to afford to purchase a house through the affordable mortgage options provided by the United States Department of Veterans Affairs. The...
Buying a home can be a daunting task. However, there are programs for first-time homebuyers that can make it a little easier. Even if you don’t have a high down payment or a perfect credit score, you can get a mortgage through the Federal Housing Administration (FHA) loan program. The best loan for you...
Knowing the process of mortgages is the first step toward homeownership.Many Americans can’t afford to pay for their homes in full So they rely on the home loan to fund the purchase. Home loans, also known as mortgages, are money that banks lend you in exchange for the use of the property you own as...
