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 one in every 10 home sales to fall through. Here's what to do when an appraisal of your home's value seems to miss the mark.
May 25th 2016
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.
May 23rd 2016
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.
May 20th 2016
7 big questions your Closing Disclosure can answer
Borrowers applying for a mortgage after Oct. 3, 2015, get a new five-page form designed to make home loans easier to understand before the deal is finalized.
May 15th 2016
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.
May 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.
May 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.
May 10th 2016
Pay just 3.25% for a 30-year home loan
eLend has one of October's best deals on 30-year fixed-rate mortgages -- 3.99% with no points, no fees and only a 5% down payment. Best of all, it's available to borrowers in all 50 states.
May 10th 2016
Mortgage rates slightly lower than last May
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.
May 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.
May 9th 2016