Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
March 23rd 2017
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.
March 23rd 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.
March 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.
March 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.
March 20th 2017
7 big questions your Closing Disclosure can answer
Borrowers applying for a mortgage after Oct. 3, 2015, get a five-page form designed to make home loans easier to understand before the deal is finalized.
March 15th 2017
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 2017
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 2017
Mortgage rates inch up in March
Current mortgage rates are higher than they were last February. Still, home loans are still historically low and a little easier to obtain, too.
March 9th 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.
March 8th 2017