According to 2022 Census data, there are approximately 11 million single-parent families in the U.S., around 80% of which are single-mom families. In addition, as of 2023, single women made up 17% of … [Read more...]
Documents Needed for a Pre-Approval Letter
Getting pre-approved for a mortgage is an excellent way to begin your househunting journey. Although it may not be required, you'll be more successful buying a home with a mortgage pre-qualification, … [Read more...]
FHA Announced a 30-Basis Point Reduction to Annual Mortgage Insurance Premiums
With inflation and the increase in homes, interest rates, and more, the dream of becoming a homeowner may seem impossible. However, recently, the Department of Housing and Urban Development (HUD) … [Read more...]
How Can You Improve Your Credit Score?
Your credit score is essential, as it tells mortgage lenders how financially responsible you are. If you want to boost your credit score, there are many ways to do so. While it may take some time … [Read more...]
Historical Mortgage Rates From The 1970s
Mortgage rates are often a good indicator of the country's economy. These rate adjustments can be minor, while some are dramatic, especially during an economic recession. The rates tend to increase … [Read more...]
What You Need to Know About Mortgage Forbearance
Mortgage forbearance is when your mortgage lender allows you to pause or reduce your mortgage payments for a limited time because of financial hardship. Many homeowners experience unexpected … [Read more...]
Top Tips to Save Money for a Down Payment
Whether you are a first-time homebuyer or a current homeowner, purchasing a home is an exciting experience. However, when the mortgage lender mentions the term "down payment," potential homebuyers get … [Read more...]
How to Save for a Down Payment
The American dream for many is buying a home, one of the most significant and vital investments in our lifetime. Many people will need a mortgage when purchasing a home, and most mortgages, although … [Read more...]
How Much Can I Afford for a Monthly Mortgage Payment?
Purchasing a home is one of the most significant financial investments one will ever make in their lifetime. And often, homebuyers will purchase a home, spending more than they can afford, resulting … [Read more...]
When and How to Pay Off Your Mortgage Early
The idea of having to pay a mortgage over decades can discourage homeowners as a homeowner's dream is to own their home and be free of mortgage payments. Even more so, as homeowners get close to … [Read more...]
