6 Ways to Make Sure You’re Buying an Energy-Efficient Home

Mortgages

6 Ways to Make Sure You’re Buying an Energy-Efficient Home

6 Ways to Make Sure You’re Buying an Energy-Efficient Home

There is plenty to think about when you are buying a home — but little is more important than finding a home you can afford. Among the characteristics recent homebuyers are looking for in a home, energy efficiency is becoming increasingly important. So how do you know if the home you are buying is green enough… Read More

Think You Can’t Afford to Buy a Home? Think Again

Mortgages

Think You Can’t Afford to Buy a Home? Think Again

Think You Can’t Afford to Buy a Home? Think Again

Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn’t fit neatly into the box, you may still qualify with some lenders. Here’s how. When… Read More

What Is Amortization?

Mortgages

What Is Amortization?

What Is Amortization?

Calculating how much home you can afford can be difficult and feel overwhelming. You need to consider how much down payment your finances allow as well as the monthly payments you can realistically make before finding the right home. One term you will hear during the mortgage phase of buying a home is amortization. It’s… Read More

6 Reasons to Make a Larger Down Payment

Mortgages

6 Reasons to Make a Larger Down Payment

6 Reasons to Make a Larger Down Payment

Deciding how much down payment to make when buying a home can be a challenge — and it can make a big difference in how much your home costs you. The amount of money you pay upfront determines how much your mortgage payment is. If you can afford to make a down payment that is larger… Read More

What to Do If You’re Still Underwater on Your Mortgage

Personal Finance

What to Do If You’re Still Underwater on Your Mortgage

What to Do If You’re Still Underwater on Your Mortgage

Deciding how much mortgage you can afford can have some major consequences if it turns out you were wrong. If your mortgage bills are piling up faster than you can pay them and your house isn’t worth what you owe, you may be thinking of scary scenarios like losing your home through foreclosure, or a plunging credit score. You… Read More

6 Places With Emerging Housing Bubbles

Mortgages

6 Places With Emerging Housing Bubbles

6 Places With Emerging Housing Bubbles

A new report on the housing market indicates there’s little risk of the country experiencing another housing bubble, even as prices rise above the peaks in the 2005 to 2008 bubble leading up to the mortgage crisis. RealtyTrac, a housing-data analytics company, released Thursday an analysis of real-estate markets in 475 counties and identified only… Read More

How Lying About Your Income Can Hurt Your Mortgage

Mortgages

How Lying About Your Income Can Hurt Your Mortgage

How Lying About Your Income Can Hurt Your Mortgage

Your income is one of the major factors lenders use in determining whether you qualify for a mortgage. Which is why omitting, hiding, manipulating or not showing income may put you in a decidedly gray area with your mortgage company. When you apply for a home loan, lenders require specific income documentation to fund a… Read More

Everything You Need to Know About Down Payments

Mortgages

Everything You Need to Know About Down Payments

Everything You Need to Know About Down Payments

When you are ready to buy your first home, financing this large purchase may seem overwhelming. Getting educated about the homebuying process can help you ensure you are neither overspending, nor over-borrowing. You often hear people say they are saving up for a home. What they usually mean is they are saving up cash to put… Read More

A New Challenge for Veterans Who Want to Buy a Home

Mortgages

A New Challenge for Veterans Who Want to Buy a Home

A New Challenge for Veterans Who Want to Buy a Home

After years in the shadows, the historic VA loan program is getting some time in the sun, but it may be short-lived. VA loan volume has surged since the housing crisis. Veterans and military buyers have flocked to the program’s more flexible and forgiving requirements in a time of tight credit. But that momentum may be… Read More

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