Tag: Mortgage

Posted on 02/08/2022

Are Your Eligible for a VA Loan? Basic Info to Know

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Active Duty

Eligibility

+ 8 more

Posted on 01/18/2022

4 Reasons Why Down Payment Amount Matters

Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...

Down Payment

Financing

+ 13 more

Posted on 11/30/2021

New Homebuyers Should Save Money for These 3 Expenses

Photo by Kaboompics .com from Pexels Buying a home for the first time is often a stressful yet rewarding time. It’s a complicated process involving many variables and many costs. One question that many first-time homebuyers have is about preparation: how much should you save before buying a house? Here we will go over the 3 most important...

First Time Buyer

Closing Costs

+ 4 more

Posted on 12/15/2020

How Your Credit Score Affects Your Monthly Payment

Image by Tierra Mallorca from Unsplash One of the most important things to check once you decide to start the home-buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and...

Credit Score

Mortgage

+ 1 more

Posted on 11/03/2020

Mortgage Options for Luxury Properties

Photo by Vincent Rivaud from Pexels When you buy a luxury home, you have several options when it comes to paying for the home. While some luxury buyers invest fully in the home and purchase outright, most find that opting for a mortgage of some type keeps options open and reserves capital for other things. Mortgages can be...

Luxury Home

Home Buyer

+ 1 more