Five Things You Should Do Before You Buy a Home Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be. Five simple things you should do before you buy a home.One of the first things you should do when you are considering buying a home is… Continue reading 5 things you should do before you buy a home
Pay attention to credit Before You Buy a Home 5 things you should do before you get serious. Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be.Five simple things you should do before you buy a home. Tip Number One: Know your credit score –… Continue reading Before you Buy a Home – Check your Credit
How to Use Gift Money for Your Down Payment You can use gift money from a family member for a down payment on your house.Whether you have been saving for a while to buy a home or are just wondering howmuch is enough for a down payment, you may be able to use gift funds… Continue reading How to use a Gift for a Down Payment
Is an Expanded Conforming Loan a Better Option Than aJumbo Loan? If you’re looking to buy in an area where home prices are a bit higher, you might need a slightlybigger mortgage loan to make your homeownership dreams come true. There are jumbo loans,but these often come with stricter guidelines and a higher down payment.… Continue reading Expanded Conforming vs Jumbo Loans
You Don’t Need 20% Down To Buy A Home It seems like you’ve been trying for years to save enough money for a down paymentfor a home. You’ve cut corners, taken lunches to work and yet, home prices continue torise and your dream of owning a home seems out of reach. Guess what? Maybe you… Continue reading You do Not Need 20% Down to Buy a Home
How Do Mortgage Rates Work? You may be wondering how mortgage rates are decided. Obviously, you want to make sure that you get the lowest rate possible, but how are mortgage rates determined, and what can you do to make sure you have a low rate? There are several outside factors that affect how mortgage… Continue reading How do Mortgage Rates Work?
What Are the Closing Costs for Buying a Home? If you are in the market to purchase a home, you may be wondering who pays for closing costs. Typically, buyers and sellers each pay their own closing costs. Oddly enough It can change by county … by tradition not rules! Buyer’s Closing Costs When you… Continue reading What are Closing Costs?
Let’s examine exactly what the term reverse mortgage means and how it works differently from a traditional mortgage. When you make a payment on your traditional mortgage, the balance goes down up an infinitely small amount each month. But with the reverse mortgage, you don’t need to make a principal and interest payment, so each… Continue reading Why is it Called a “Reverse Mortgage”?
As a child of a senior homeowner, you have a growing concern about your parents as they age. One issue is that the configuration of your parents’ home may no longer meet their needs at this stage in their lives. So what are your alternatives? Your parents could move in with you, but that may… Continue reading Children of Senior Homeowners
Here are some of the most common misconceptions about reverse mortgages. You do not have to give up the title of your home. You remain the owner, and you don’t have to own your home outright to qualify for a reverse mortgage. A reverse mortgage is not a loan of last resort for broke or… Continue reading Common Mis-Conceptions about a Reverse Mortgage
You’re a senior, and you’ve discovered that your current home is no longer meeting your needs. You’d love to move to make life easier, but with home prices reaching historic highs, you simply can’t afford it. Fortunately, there is a way to double your purchasing power and move into a newer home. A reverse mortgage,… Continue reading Buying a Home with a Reverse Mortgage