Posts Covering First-Time Home Buyers
July 22, 2018 in First-Time Home Buyers
With a skilled real estate agent on your side, you’ll get better “deals”. Even better, the service is free — real estate agents are paid by the sellers.
July 15, 2018 in First-Time Home Buyers
As a first-time home buyer, understanding how your mortgage works is the first step to making better mortgage choices — and getting the best rate possible.
In this article: A mortgage disclosure is a five-page summary outlining all the key points about your new mortgage. Your lender is legally obliged to send you a mortgage disclosure at least three business days before you’re due to close. The following information is included in your mortgage disclosure: The type of mortgage — fixed […]
May 23, 2018 in First-Time Home Buyers
New Freddie Mac 97 percent mortgage HomeOne, a new Freddie Mac 97 percent loan program, begins on July 29, 2018. It’s a big deal because: Only 3 percent down NO income limits NO geographic restrictions (you don’t have to buy in a low-income census tract) Compared to FHA loans, HomeOne may be a better fit […]
April 4, 2018 in First-Time Home Buyers
Shopping for a home that fits your needs and budget can be an exciting and stressful experience — especially for first time home buyers. Planning ahead will help settle your nerves.
Moving home to save money Living with your parents can turbo boost your ability to save for a down payment. And it’s a strategy increasing numbers of young professionals who want to be homeowners are adopting. One thing many neglects to do first is to find out how big a down payment they may need. […]
Mortgage fraud: unlikely, but possible According to the FBI, you are not the most likely victim of mortgage fraud — most cases are perpetrated by borrowers against mortgage lenders. Often those involve exaggerations, white lies or outright falsehoods on loan applications. Should you lie on your mortgage application? However, mortgage industry professionals who abuse their […]
February 15, 2018 in About Mortgages Economic News Essential Mortgage Miscellany Federal Reserve First-Time Home Buyers Forecasts Homeownership Topics Mortgage Rates Mortgage Strategy Real Estate Refinance Uncategorized
How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]
Buying a small house can make financing your first home easier. You may have less square footage, but you’ll also have a smaller down payment and mortgage.
Happy new year — as a homeowner Is your new year’s resolution for 2018 to become a homeowner? Or would you make it one, if only you thought it was a smart move — and you stood a chance of achieving it? Well, read on because you might find some good news. 2018: A vintage […]
Are “white lies” okay on a mortgage application? How much harm can a little white lie on your mortgage application do? Well, quite a lot, actually. True, you’re unlikely to face the maximum penalties that mortgage fraud can bring. You’d have to do something really bad to get 30 years in a federal penitentiary and […]
November 10, 2017 in First-Time Home Buyers
As a first-time home buyer, you may not have the work experience of a seasoned buyer, but that doesn’t have to affect your ability to get mortgage loan-approved.
Dogs now play a key role in Millennials’ decision about home buying, outweighing getting married or even having kids. What it means for buyers and sellers.
if you’re buying a home in the (expensive) Seattle area, this new program by Loftium and Umpqua Bank might help. It provides down payments to those willing to participate in the program.
October 4, 2017 in First-Time Home Buyers
This guide for first-timehome buyers covers choosing the mortgage loan which best fits your financial and emotional needs.
August 24, 2017 in First-Time Home Buyers
First-time home buyers tend to have lower credit scores than the general population. That’s okay. There are plenty of “first-time” loan programs to help.
August 10, 2017 in First-Time Home Buyers
First-time home buyers often carry student loans, which can make saving for a down payment difficult. There are lots of “first-time” loan programs to help.
2018 Conforming, FHA, & VA Loan Limits
Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)