Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
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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.
June 27th 2015
4 smart moves to challenge a home appraisal
A low home appraisal causes a home sale to fall through about 9% of the time. Be smart about challenging an appraisal you think misses the mark.
June 25th 2015
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 24th 2015
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.
June 23rd 2015
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 2015
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.
June 20th 2015
4 smart moves for buying a short sale
Although the number of short sales has fallen, they remain plentiful in some states and you can still find some serious bargains -- the major reason any buyer messes with the arduous short-sale process.
June 15th 2015
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 2015
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 2015
June mortgage rates make it easier to buy or refi
Home loans are cheaper than they were last summer, defying expectations that they would become more expensive as the Federal Reserve ended its campaign to drive down long-term interest rates. Jumbo loan rates even hit a record low this spring.
June 9th 2015