How much cash will you need to pay for upfront expenses when buying a home? From earnest money to inspections to closing costs, we break it down here.
Good credit, low debt, and a steady income could get you low interest rates and terms.
While no one has ever said buying a home is a simple process, wouldn’t it be nice to reach out and press the “easy” button when it comes time to qualify for your mortgage. If you’re an active member of the military - or a veteran - qualifying for a VA home loan might be the next best thing.
Are you looking to buy a new car, apply for a mortgage or pursue a new career opportunity anytime soon? Then you may also know that your ability to secure a loan, a low interest rate, and even that coveted new career position, is dependent upon a vital piece of financial information – your credit score.
With interest rates the lowest they’ve been in a while, you may be thinking about refinancing your existing mortgage into a new one. As a homeowner, there are good reasons to consider this option: to get a lower interest rate, to drop private mortgage insurance, or to pull cash from your home’s equity to consolidate debt or make home improvements. The short answer, of course, is to have more money each month for groceries, car payments and the orthodontic’s bill.
Buying a house can leave you feeling overwhelmed and under-informed. Not only are you spending every waking hour searching for your perfect home, you also have to think about how you're going to pay for it. And when choosing a mortgage, it's important to find one that works with your budget now, and also 15- to 30-years down the road as well. Because the world of home financing can be a confusing one, let's take a look at two of the most popular loans in the housing market: Conventional and FHA.
Is it time for you to get out of the rent race and buy a home of your own? There are plenty of advantages to homeownership. And while buying isn’t right for every person or for every life stage or circumstance, there are several perks of homeownership that tend to stay stable over time. These include building long-term equity, the comfort and pride that can be associated with owning your own home and, of course, lower overall monthly cost.
Buying a home that needs some love can be overwhelming. It can also be a smart investment. If you're thinking about buying a fixer-upper, you already know that it's going to take a little elbow grease to make it livable. You probably also know that these types of homes can often be snatched up at bargain prices and in neighborhoods where you want to live. And once it's yours, you can paint, remodel and refresh the property to make it your own. Gourmet kitchen, movie room, home office, party deck - the possibilities are endless.
If your mailbox could talk, what would it say? “Hey Susan, here’s more coupons for your favorite Moose Tracks ice cream you can't get enough of, an overdue bill for your monthly $50 gym membership, and two new pre-approved loan offers from financial institutions you never requested.”
You’re buying your first house! No more fighting over parking spaces, unexpected rent increases or putting up with noisy neighbors. If you’re planning to make a move this year, here are five tips that can set you on a path that leads to your very own front door.
