Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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4 smart moves to challenge a home appraisal
A low estimate causes about 1 in every 10 home sales to fall through each month, agents report. Here's what to do when an appraisal of your home's value seems to miss the mark.
July 25th 2017
Get your paperwork ready before applying for a mortgage
Here's a checklist of what you'll need and it's extensive — W-2s, pay stubs, bank statements, tax returns, brokerage statements and more. It's never too early to start a file and fill it up.
July 21st 2017
What you need to know about private mortgage insurance
If you don't make a 20% down payment, you'll be required to carry private mortgage insurance, or PMI. Although you're the one who must pay monthly premiums for this coverage, it protects the lender, not you.
July 20th 2017
How to buy a condo with confidence
It's not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.
July 10th 2017
How to win a bidding war
Existing homes continue to be snapped up at a record pace, and competition remains fierce. That's why buyers need a winning strategy to compete for their dream home.
July 5th 2017
How much house can you afford?
How much house can you afford? If that's on your mind, you're in good company. Mortgage rates are historically low, making it a good time to purchase.
June 28th 2017
Reverse mortgage disadvantages and advantages
Can a reverse mortgage help you? Before utilizing it as a tool, take time to thoroughly understand reverse mortgage disadvantages and advantages.
7 smart moves for buying a foreclosure
Deals on foreclosures are still out there. But they're not as easy to find as they were a few years ago, and you still need to avoid all of the costly pitfalls that can turn any repossessed home into a burden, not a bargain.
Mortgage rates fall in June 2017
Current mortgage rates are higher than they were last May. Still, home loans are still historically low and a little easier to obtain, too.
Should you lend your kids money to buy a home?
Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.