Many soon-to-be parents strive to buy a home and stop renting. But they may not be able to afford a home in their current location. That’s why it pays to at least consider the least expensive city to have a baby in.
Not everyone is cut out to own a home. There are risks involved with this purchase. You could lose money. You’ll be responsible for upkeep and repairs. And some people make better homeowner candidates than others.
As a first-time home buyer, you may not have the work experience of a seasoned purchaser, but that doesn’t have to affect your ability to get mortgage loan-approved.
When Freddie Mac published its latest mortgage rate forecast on May 15, it contained good news for homeowners and homebuyers alike. It reckons mortgage rates will probably rise only a little between now and the end of 2020.
Everyone makes mistakes. But in home buying? Those mistakes can cost you dearly. Not only can they mean more in costs (think tens of thousands more), but they can also hinder your mortgage loan. Avoid these all-too-common first-time buyer mistakes:
Millennials have become the single-biggest group of homebuyers in the country. Is this move right for you? Let’s break it down.
First-time home buyers have access to a myriad of low- and zero-down payment mortgage loans. Of all the available loan programs, though, the FHA loan is the most inclusive and accessible for today’s buyers.
The emerging generation is as much interested in home buying as any generation before. Fueling the enthusiasm is a new menu of affordable mortgage programs.
The Freddie Mac HomeOne program removes income and geographic restrictions from its 3% down loan. Buyers can qualify for a low down payment even without low-income status.