Buying a home - Page 32

How to calculate house payment: Your house payment is more than your principal and interest on your mortgage. Most lenders also add your property taxes and homeowners insurance. You may also pay HOA dues and flood insurance.

The single homebuyer is stepping up to the plate, and today's great mortgage home loans are helping Millennials buy their first houses.

The Millennial homebuyer faces challenges, including post-Recession fear. Overcome these challenges, become a homeowner, and start building wealth.

You don’t have to have a whole lot of money or a high-paying job to buy a house. There are plenty of low income mortgage programs for tight budgets. Grant money and community assistance is widely available

HOA dues are common in condominium and planned communities. Lenders count them in your housing expenses, and they can affect your mortgage approval.

Flood insurance may be required by your mortgage lender. Even if not required, it might be a good idea.

There are several ways parents can help their adult children achieve homeownership: loans, co-borrowing, and gifts.

When you want to make a low down payment, conventional mortgages can be less expensive and easier to access than FHA, VA, or USDA loans.