Worried that housing prices are rising too high too quickly? Fretting that this could lead to another housing bubble, one that if it pops could send the country into the same kind of housing crisis and recession it saw back in 2007 and 2008?
Home Purchase Articles
Tax reform has caused some homeowners to increase their budget for home renovations. But confusion over tax deductions on interest paid on a home equity line of credit or home improvement loan has some seeking other ways to pay for the projects.
Empty nesters whose children have left home for the first time to go to college or live on their own may feel more than grief or loneliness. They may want to downsize and move to a condo or smaller house.
Searching for a home has changed during the last 10 years. No longer do house hunters wait for their real estate agents to provide them with information on homes for sale in their neighborhoods. Instead, they turn to real estate apps to research everything from mortgage rates to homes for sale to foreclosures in their communities.
Buying a home for the first time can be a challenge, especially when it comes to gathering enough funds to cover a down payment. Fortunately, there are a host of first-time homebuyer programs that can help ease the financial burden of coming up with a huge down payment.
For many who lost their homes during the crash, 2017 is the magical seven-year mark that the foreclosure drops off their credit report. Millions of these "boomerang buyers" are ready to stream back into the housing market, proof that lenders are forgiving even when it comes to the ultimate mortgage mistake.
Closing costs aren't just something home buyers need to worry about. There are also home seller closing costs that can take you by surprise if you aren't prepared.
Fannie Mae’s HomeReady home loan program offers many features that first-time homebuyers would want: Low down payments, a generous debt-to-income ratio, soft credit score requirements, and not being stuck with mortgage insurance for the life of the loan.
You can still qualify for a mortgage with a low down payment of just 1 percent of your home’s purchase price. Several lenders have been offering these low down payment loans since 2015.
Buying a home for your parents to live in is basically buying a second home with another mortgage added to your monthly bills. That can be difficult to do, though there are two other options if adding another mortgage bill to your finances isn’t possible.
There are plenty of requirements you must meet when applying for a new mortgage or when you plan to refinance your existing loan. Lenders will look at your debt levels, income and credit score. They’ll also look at your employment history. Fortunately, getting a mortgage with a new job is far from an impossible task.