Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
October 13th 2017
Mortgage rates inch up in October 2017
Current mortgage rates are higher than they were last October. Still, home loans are still historically low and a little easier to obtain, too.
October 9th 2017
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.
October 5th 2017
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.
October 2nd 2017
4 smart moves to challenge a home appraisal
A low estimate causes about 1 in every 10 home sales to fall through each month, agents report. Here's what to do when an appraisal of your home's value seems to miss the mark.
September 25th 2017
The 7 biggest mortgage mistakes to avoid
Dodging these pitfalls will make you a happier homebuyer now and more satisfied homeowner down the road. You'll know that you got the best possible mortgage and won't be overwhelmed by unexpected costs.
September 22nd 2017
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.
September 21st 2017
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.
September 20th 2017
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.
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 historically low, making it a good time to purchase.