Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
November 27th 2015
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.
November 26th 2015
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.
November 25th 2015
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.
November 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.
November 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.
November 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.
November 20th 2015
7 big questions your Closing Disclosure can answer
Borrowers who apply for a mortgage after Oct. 3 will be getting a new five-page form designed to make home loans easier to understand before they finalize the deal.
November 15th 2015
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 you 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.
November 14th 2015
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.
November 13th 2015