From market forecasts to the latest tips to increasing your home’s value.
If you are financially able, buying a second home for your child to live in is a decision that may benefit both of you. Of course your child benefits from the lifestyle stability of secure housing, whether they are enrolled in college, making a big life change, or if you simply want to help them
An FHA loan refers to a mortgage loan insured by the Federal Housing Administration, which is run by the Department of Housing and Urban Development (HUD). These loans are offered by the United States government to help make home ownership more accessible for those with lower credit scores and who may not be able to
There are a lot of steps that go into purchasing a home, and it’s normal to feel overwhelmed. Finally finding a house you love and making an offer is a huge step, but it’s only the beginning of the process to actually owning the home. It is important to familiarize yourself with what happens after
Congratulations, your mortgage has been pre-approved! It’s natural to feel anxious and maybe even be itching to find ways to ensure that final approval goes through. When it comes to your financial picture and credit profile, however, it is best to leave things alone as much as possible between pre-approval and final closing. Any big
Purchasing a second home is a great way to expand your investment portfolio and create a new income stream, whether you plan to flip the property after a few years or keep it as an ongoing rental. Whatever your plans, the process of buying a second home is likely to be a bit different than
When buying or refinancing a home, you’re going to come across many terms that you may not be familiar with. Terms such as escrow are thrown around quite a bit, though many consumers have no idea what they actually mean. What is Escrow? The easiest way to describe escrow is the process of having a
When you lock in your loan interest rate during the home buying process, you get the security of knowing just how much you will be paying each month for your mortgage. As a result of this stability, many people assume that the interest rate they agreed upon at closing is set in stone for the
Deciding to buy a new home is exhilarating! That doesn’t mean it doesn’t come without its challenges of course. One of the most intimidating hurdles that buyers have to go through is the home loan application process. While most buyers find some comfort completing applications in-person with their bank or broker, online home loan applications
Millennial Home Buying – Bucking the Trends Stereotypes have targeted all generations in recent American history, and the Millennial generation is no exception. Millennials, defined as people born after 1980, are frequently thought of as a coddled, soft generation of lazy people who lack a strong work ethic. There have even been accusations that Millennials
Refinancing is the process of obtaining a new mortgage to reduce mortgage payments, lower your loan term, and/or cash out some equity from your home. Lenders look at various factors before refinancing your mortgage. Rates are now at or near the lowest they have ever been – so it is a great time to refinance.
If you’re looking to fulfill your dream of buying a home you’ll want to keep an eye on your credit history to make sure there are no errors on your credit report. So, should you take advantage of a free credit report offer? Yes, and no. Generally we don’t recommend that people participate in offers
If you’re setting your sights on achieving your dream of owning a home, you will want to pay close attention to your credit history and credit score. One mark that potential home buyers may find on their credit report is “derogatory credit.” It is important to understand how your credit score is calculated, and to
