Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
March 20th 2018
7 big questions your Closing Disclosure can answer
Borrowers applying for a mortgage now get a five-page form designed to make home loans easier to understand before the deal is finalized.
March 15th 2018
7 mortgage fears that sideline homebuyers
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.
March 14th 2018
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.
March 13th 2018
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.
March 5th 2018
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.
March 2nd 2018
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?
March 1st 2018
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 still historically low, making it a good time to purchase.
February 28th 2018
Will I be happy in a condo?
Before you dive into condo living, you have to make sure it's truly what you want. Use these 9 questions to make sure you'll be happy in a condo.
February 27th 2018
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.
February 23rd 2018