Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
Determine the monthly payments for any fixed-rate loan. Just enter the amount and terms, and our mortgage calculator does the rest.
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.
October 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.
October 20th 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.
October 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.
October 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.
October 10th 2016
Current mortgage rates are lower than last October
Current mortgage rates are lower than they were last September. Home loans are not only cheaper but a little easier to obtain, too.
October 9th 2016
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.
October 8th 2016
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 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 near record lows, making it a good time to purchase.
September 28th 2016
Will I be happy in a condo?
Before you dive into condo living, you have to make sure it's truly what you want. Use these 9 questions to make sure you'll be happy in a condo.
September 27th 2016