Now that the dread Winter of 2014 finally seems to be behind us, the spring homebuying season is upon us.It's the most popular time to buy a home, but also the most competitive.What do you need to do to be ready for it?.
Applying for a mortgage can be an intimidating process, particularly for first-time homebuyers.It doesn't help that there's a lot of conventional wisdom out there that is either misleading or flat-out wrong.
New mortgage rules[https://www.consumerfinance.gov/about-us/newsroom/cfpb-releases-new-mortgage-rule-resources-for-consumers/] meant to protect consumers from bad lending practices may have another impact - forcing home buyers to get their financial house in order.
Applications for mortgage refinancing[[sitetree_link,id=13]] have been dwindling as rates have risen in recent months.But if you haven't been able to refinance yet, those higher rates might represent an opportunity.
Getting a mortgage and buying a home offers some significant challenges for two unmarried people that traditional couples don't face.Some of those have to do with getting the loan itself; others have to do with protecting yourself in case the loan or the relationship goes sour.
Consumers thinking of taking out a mortgage in the near future should check their credit reports to make sure their credit hasn't been dinged by a claim for unpaid late fees for movie or video game rentals.