Mortgage - Buying your first home?

Mortgage Advice

• 7 big questions your Closing Disclosure can answer

  Borrowers applying for a mortgage now get a five-page form designed to make home loans easier to understand before the deal is finalized.

  August 15th 2018

• 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.

  August 14th 2018

• 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.

  August 13th 2018

• 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.

  August 10th 2018

• Mortgage rates inch up in August 2018

  Current mortgage rates are higher than they were last August. But home loans are still historically low and a little easier to obtain, too.

  August 9th 2018

• 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.

  August 8th 2018

• 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.

  August 2nd 2018

• 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.

  July 27th 2018

• 4 smart moves to challenge a home appraisal

  A low estimate causes about 1 in every 10 home sales to fall through each month, agents report. Here's what to do when an appraisal of your home's value seems to miss the mark.

  July 25th 2018

• 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.

  July 23rd 2018