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21 September 2015

Wages don't grow anywhere near the rate that housing prices do, making it difficult for many Americans, including low-income families, to afford the dream of home ownership.However, there is a way such families multiply their savings toward a down payment.

Tags: down payment, help

Do You Really Need 20% Down on a Mortgage?

13 June 2015

Do you need to put 20 percent down on a mortgage? Should you? That's one of the most persistent myths about buying a home.The truth is, in most cases you don't need anywhere near that much.

Tags: home equity, va

Unemployment Insurance Can Help First-Time Homebuyers

18 May 2015

The national unemployment rate was 5.4 percent in April, a far drop from the 10 percent seen in 2009, according to figures from the Bureau of Labor Statistics.

Tags: mortgage, real estate

Can You Really Buy a Home With the Section 8 Program?

2 May 2015

The Section 8 housing program provides rental assistance for low-income families.What many people don't realize is that it can also help them buy a house.

Tags: help, government programs

Strategies for Millennial Homebuyers

9 March 2015

As anyone who has seen "House Hunters" or any other home shopping TV show knows, finding your first home to buy is all about tradeoffs.

Tags: down payment, closing costs

Wealth-Building Home Loan for Low Incomes

23 February 2015

The idea that homeownership is a path to wealth has been behind U.S.housing policies for more than 50 years, and the effort to increase the rate of homeownership has failed miserably, according to the American Enterprise Institute (AEI).

Tags: personal finance, help

New Tool Helps Compare Mortgage Rates

15 January 2015

Finding the best rate and deal on a mortgage can be a challenge - how do you compare all those competing offers out there? However, a new online tool unveiled this week by the Consumer Financial Protection Bureau (CFPB) tries to make it a bit easier.

Tags: mortgage news, mortgage

Many Overestimate Down Payment Needs

16 June 2014

Potential homebuyers routinely misjudge how much of a down payment they'll need to buy a home, often assumed they'd need 3-5 times more than is actually required.

Tags: mortgage news, down payment

Free Tool Assesses Local Housing Markets

27 March 2014

What's the state of your local housing market? Everyone would like to know, particularly before buying or selling a home.Now, Freddie Mac has just released a new tool to help you assess whether your local market is sluggish, overheated or in pretty good balance.

Tags: mortgage news, freddie mac

Great Books for First-Time Homebuyers

11 March 2014

First-time homebuyers face a big challenge in learning the ins and outs of buying a home.Books can be a great help in getting you up to speed, but with so many out there it's hard to know if you're picking a good one or not.

Tags: help