At the beginning stages of purchasing a home, you may hear your mortgage lender say the term "down payment." A down payment is a sum of money that a buyer pays in the early stages of purchasing a … [Read more...]
Homebuyers Should Focus on the Mortgage First, Then on Finding a Home
A recent study commissioned by Fannie Mae shows that homebuyers, especially when they are first starting out, should focus on getting a mortgage first, and then work on finding a home to buy. This is … [Read more...]
24% of U.S. Homes Sold in 2017 Sold Above List Price
In a report from Zillow, 24.1% of U.S. homes sold in 2017 were sold for above list price, which is an average of $7,000 (3.1%) over list price. This is an increase from 17.8% in 2012. In certain areas … [Read more...]
How Much Can You Afford to Pay for a Home?
Answering the question, "How much home I can afford?" is not easy, because the answer varies from person to person. So in this video, Mary Catchur gives an overview of what you should consider when … [Read more...]
How Much Can You Afford to Spend on a Home?
Deciding how much to spend on a home is a very personal decision. From a mortgage perspective, you will qualify to borrow up to a maximum amount. But from a personal perspective, borrowing the maximum … [Read more...]
4 Money Mistakes That Could Cost You Your Dream Home
Most of us need to take out a mortgage to buy a home, which means we'll need pay down debt and save money to buy our dream home. The higher your credit score and the lower your debt-to-income … [Read more...]
7 Common Mistakes Homebuyers Make
Buying a home can be an exciting experience, whether you are a first-time homebuyer or a current homeowner. However, purchasing a home is one of the most significant financial decisions one will make … [Read more...]
Lenders May Require You To Have Flood Insurance Before Closing Your Home Loan
Lenders require you to have flood insurance before closing on a home loan. A lender will obtain a “flood certificate” early in the underwriting process, which will also indicate whether flood … [Read more...]
