Missing a mortgage payment can feel overwhelming, especially when money gets tight after an unexpected expense, job loss, or personal hardship. In moments like these, it may seem easier to prioritize other bills. However, understanding what happens next — and knowing your options — can help you protect both your credit and your home. Understanding […]
You do not need to walk into a bank to start comparing mortgage lenders. In fact, the best place to begin is often online. Starting digitally gives you time, flexibility, and access to a wide range of options without pressure. From there, you can narrow your choices and move forward with confidence. Start Your Search
Buying a home marks a major milestone. It proves stability, planning, and commitment. If you want to buy seriously, you need to understand the cash required upfront and exactly how much money to buy a home in your desired area. Knowing these numbers early helps you avoid surprises and move forward with confidence. Below is
Many families fail to follow through on buying a home because they’re anticipating the expected 20% down at closing. But many don’t realize they have hundreds or thousands of dollars available to them! Getting the down payment you need is now easier due to different assistance programs across the country. Homebuyer programs in the U.S.
When shopping for your first home, there are certain challenges that go beyond location, renovation, and making sure you have the right credit score. It’s tempting to take on the first mortgage provider that comes along, just to keep the process moving forward. But don’t miss out on special programs that offer you great savings!
What is an Adjustable Rate Mortgage An Adjustable Rate Mortgage, often called an ARM, is a home loan that starts with a lower interest rate for a fixed introductory period. This period usually lasts two, three, five, seven, or even ten years. During this time, you lock in a rate that is often lower than
While these terms are often interchanged, pre-qualification and pre-approval are two very different concepts. We’ll bring you up to speed and let you know how each can work for you. Pre-qualified Loans This is the first step for obtaining a mortgage, and it’s fairly easy. After choosing a lender, you supply the needed information (including
Home buyers who have limited down payments for a home mortgage have the option to get a Mortgage Insurance Premium, also known as: MIP, or simply mortgage insurance. Traditionally a 20% down payment is required on a home, but many homeowners don’t have the ability to put down such a large amount. For instance, 20% of
Repairs are costly, especially if you’re turning a less-than-perfect living space into your long-term dream home. DIY-ers who love fixer uppers can apply for a 203k loan from the FHA (Federal Housing Administration). Let’s say it’s costing more effort than you originally thought to make certain fixes to the house. A lender sees the home
Once you feel financially prepared to take on a home mortgage, you are responsible for applying with a lender. There’s a few documents you’ll need before you get started! Credit History First obtain your credit history. It’s less common to find errors or discrepancies in a credit report, but it’s still possible. Discovering these issues
