Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
June 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.
June 22nd 2016
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.
June 21st 2016
30-year home loan charges just 3.25%
American Interbanc Mortgage is offering one of June's best deals on 30-year fixed-rate mortgages in nine states and the District of Columbia.
June 21st 2016
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.
June 20th 2016
7 big questions your Closing Disclosure can answer
Borrowers applying for a mortgage after Oct. 3, 2015, get a new five-page form designed to make home loans easier to understand before the deal is finalized.
June 15th 2016
Pay just 3.5% on jumbo home loans from this bank
TD Bank is offering one of June's best deals on 30-year fixed-rate jumbo home loans to borrowers in 15 states and the District of Columbia.
June 15th 2016
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 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.
June 14th 2016
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.
June 13th 2016
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.
June 10th 2016