Homebuyers have many mortgage options to choose from. For many borrowers, a conventional mortgage with a fixed interest rate for the life of the loan is the best option. However, there are some circum
Buying a home is a big commitment. Not only are you responsible for maintenance and upkeep, but you’re also potentially looking at 15-30 years of mortgage payments.
When buying a new home, a 20 percent mortgage down payment has long been touted as the ideal. However, many lenders no longer expect homebuyers to come up with such a large lump sum and are making mor
Whether you are looking for your first home or your fifth, it’s important to understand your mortgage options before you start shopping. Not all home loans are created equal, and the perfect mortgage
VA loans are nonconventional home loans that are designed to make it easier for current and past military personnel and their families to become homeowners. Because they are guaranteed by the U.S. Dep
Housing inventory is up, and bidding wars are down. This means there are more houses to choose from, and buyers can purchase a home without having to fight for it or offer thousands over the asking pr
As a first-time homebuyer, by the time you reach the closing table, you have been bombarded with dozens of different calculations, percentages, and unfamiliar terms. One of the new terms that can be e
There is a common misconception that homebuyers with conventional loans must put down 20 percent of the purchase price at closing. In reality, many buyers either don’t have that much cash in hand or c
Halfway through 2022, the U.S. housing market is in a weird place. With record-high home prices and rising interest rates, some buyers may be second-guessing whether now is the right time to purchase
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