Tag: Mortgage

Posted on 04/10/2022

Understanding Home Prices: Key Factors to Consider

Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...

Economy

Home Prices

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Posted on 12/12/2021

Your Guide to Seller Financing Options

In real estate transactions, homebuyers have to obtain some kind of financing. Typically, this additional monetary support comes from a third party institution like a bank or mortgage lender. However, sometimes the seller may also offer financing directly. There are many options available depending on the specific need and situation. Here is a basic overview of seller financing...

Financing

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Posted on 07/18/2021

Do You Need a Bigger Down Payment?

Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...

Down Payment

Financing

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Posted on 08/09/2020

How Your Credit Score Affects Your Monthly Payment

Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...

Posted on 04/19/2020

Photo by Gustavo Frazao via Shutterstock Whether you’ve been saving up for a while or you’re just getting started, getting into a home might be easier than you think. If you’re looking to buy a home, but you just aren’t sure about tying all your savings into a house, check out the various loan options with low down...

Mortgage

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Posted on 11/24/2019

What's a Seller-Financed Mortgage and Should I Consider One?

Photo by Charles Thompson via Pixabay A vast majority of homebuying transactions rely on the buyer qualifying for a mortgage through a bank. After all, most people don't have enough cash lying around to buy a home outright. Nowadays, you have more options with different types of lenders and alternative financing companies where you can seek pre-approval online....

Mortgage

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Posted on 01/21/2019

Do I Qualify for an FHA Loan?

FHA loans have long been a valuable resource for Americans who want to fulfill their goal of homeownership but who don’t have the benefit of a lengthy credit history and equity. If you’re hoping to buy a home in the near future but want to explore all of your options in terms of financing, this article is for you....

FHA Loans

Buying A Home

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Posted on 09/03/2018

What to Expect When You Apply for a Mortgage

Applying for a mortgage may seem like a long, stressful process at first. Fortunately, we're here to help you take the guesswork out of submitting a mortgage application. Now, let's take a look at three tips to help you streamline the mortgage application process. 1. Ask Questions A bank or credit union likely will ask you to provide a...

Mortgage

Buying A Home