Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
December 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?
December 1st 2016
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.
November 28th 2016
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.
November 23rd 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.
November 23rd 2016
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.
November 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.
November 21st 2016
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.
November 15th 2016
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.
November 14th 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.
November 10th 2016