Should I Buy or Rent?
The biggest question those considering homeownership need to answer is simple: Should I buy or rent my home? Here is a look at the pros and cons of each. Buying Pros: Your monthly payment builds equity, or ownership, of the…
How Much Income Do I Need to Buy a House?
Homeownership is not just for the ultra wealthy. While income is an important factor when buying a house, knowing exactly how much you need to earn is not as simple. Most people who buy a home use a mortgage loan…
What You Need to Know About Cosigning a Mortgage
If your credit, debt, or income is keeping you from buying a house, you may be tempted to have another person in a more stable financial position help with your loan application. A non-occupant co-client signing your mortgage along with…
Popular Loans for Buying a Home
Finding a great deal on your home purchase requires that you understand the different types of home loans available. Here are popular mortgage products and who can use them. Conventional Loan: This is most popular type of loan and the…
How to Buy a House with No Money Down
Do you dream of homeownership but can’t come up with the required down payment? Don’t worry. You may be eligible for a no money down mortgage. Some come with stipulations and others have eligibility requirements. Read on to learn more…
Do I Need a Realtor to Buy a House?
When you are ready to make a new home purchase, the first thing to consider is who you want on your team. A Realtor or real estate agent can be your advocate throughout the process. While it is not required…
How Much Do I Need for a House Down Payment?
One of the first hurdles that potential homeowners must overcome is saving up a down payment. It can take years, depending on the home prices in your area and how much you want to put down. Down payments are usually…
A Home Appraisal Checklist
Searching for and finding the perfect new home is just one step of the home buying process. Once you find the perfect home and have a sales contract, it is time to actually get to the business of arranging the…
What Is an FHA Mortgage Insurance Premium?
FHA mortgages are great for homebuyers without a sizable down payment or with low credit. Each situation is unique and based on a combination of factors like income, credit, and the property’s value, but most lenders will consider FHA loans…
A Home Inspection Checklist
When purchasing a home, it is always a good idea to have it professionally inspected. Many lenders even require it as a condition of the loan. Home inspectors charge between $270 and $400, depending on the size of the home,…