Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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7 mortgage fears that sideline home buyers
Would you like to buy a home but worry that you'd never qualify for a mortgage? It's time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.
February 14th 2016
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.
February 13th 2016
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.
February 10th 2016
Mortgage rates slightly higher than last February
Home loans are pricier than they were last winter, fulfilling expectations that they would become more expensive after the Federal Reserve ended its campaign to drive down long-term interest rates. But mortgages are a little easier to obtain.
February 9th 2016
How to save on closing costs
You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here's how you can save on everything from settlement fees to title insurance.
February 8th 2016
How to win a bidding war
Recent data show that 3 of every 5 homes being sold in the 50 largest metro areas are fetching multiple offers. That's why buyers need a winning strategy to compete for their dream home.
February 5th 2016
8 critical questions your Loan Estimate will answer
Borrowers are receiving a new form called a Loan Estimate after they apply for a mortgage. It explains the key terms, from interest rates to closing costs, and ensures you're getting the home loan your lender promised.
February 2nd 2016
How to tell if mortgage points are worth the cost
Paying points to get a lower interest rate is almost always a losing proposition because most homeowners don’t keep their loans long enough to recoup the up-front costs. Are you an exception to the rule?
February 1st 2016
How much house can you afford?
It's a seller's market again. But you don't want to wind up house poor, saddled with mortgage payments that gobble up too much of your paycheck. Here's how to find the price range that's right for you.
January 28th 2016
Don't get stuck with a difficult-to-sell condo
If you're in the market for a condo, picking a unit that will be easy to resell down the road is a critical consideration. You need to consider the location, layout and amenities that will appeal to potential buyers when you're ready to move on.
January 27th 2016