Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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How to win a bidding war
Recent data shows that three out of every five homes being sold in the 50 largest metro areas are fetching multiple offers. That's why buyers need a winning strategy to compete for their dream home.
February 5th 2016
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.
February 2nd 2016
How to tell if mortgage points are worth the cost
Paying points to get a lower interest rate is almost always a losing proposition because most homeowners don’t keep their loans long enough to recoup the up-front costs. Are you an exception to the rule?
February 1st 2016
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.
January 28th 2016
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.
January 27th 2016
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.
January 25th 2016
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.
January 23rd 2016
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.
January 22nd 2016
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.
January 21st 2016
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.
January 20th 2016