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 home appraisal causes a home sale to fall through about 9% of the time. Be smart about challenging an appraisal you think misses the mark.
April 25th 2015
8 smart moves for buying a foreclosure
Foreclosure deals are 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.
April 23rd 2015
The 7 biggest mortgage mistakes to avoid
Dodging these pitfalls will make you a happier home buyer now and more satisfied home owner down the road. You'll know that you got the best possible mortgage and won't be overwhelmed by unexpected costs.
April 22nd 2015
Get your paperwork ready before applying for a mortgage
Here's a checklist of what you'll need and it's extensive — W2s, pay stubs, bank statements, tax returns, brokerage statements and more. It's never too early to start a file and fill it up.
April 21st 2015
What you need to know about 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.
April 20th 2015
4 smart moves for buying a short sale
Although the number of short sales has fallen, they remain plentiful in some states and you can still find some serious bargains -- the major reason any buyer messes with the arduous short-sale process.
April 15th 2015
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.
April 10th 2015
April mortgage rates make it easier to buy or refi
Home loans have been getting cheaper, defying expectations that they would become more expensive as the Federal Reserve ended its campaign to drive down long-term interest rates. Jumbo loan rates have even hit record lows this month.
April 9th 2015
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.
April 8th 2015
8 questions Good Faith Estimates should answer
Your Good Faith Estimate summarizes the key terms of your home loan, from interest rates to closing costs. Use it to make sure you're getting the mortgage you've been promised and avoid any nasty surprises before you sign on the dotted line.
April 2nd 2015