How to Get a Mortgage with Bad Credit

You want to buy a new home but your credit score is low. Does this mean you’re out of luck? It depends. Some lenders will give you the side eye or tell you to try again when that magic three-digit number is higher. But with a little legwork, it’s possible to get a mortgage with…

What Is Private Mortgage Insurance?

You’ve spent weeks preparing paperwork for your mortgage application. Now that you’re pre-approved for a loan, it’s time to talk numbers. At first glance of the document detailing the breakdown of your mortgage payments, the term PMI catches your eye. It’s a little over $100 per month and you have no idea what it means.…

What Credit Score Do I Need to Qualify for an FHA Loan?

If you’re planning to buy a house, it’s possible that you can qualify for an FHA loan that will put you on the path to home ownership sooner than you think. The current low interest rates are a homebuyer’s dream – and with the housing market far from a full recovery, prices are attractive as…

Best Mortgage Lenders of 2017

Buying a home is one of the most expensive purchases you’re bound to make in your life. That’s why it’s so important to get the right mortgage before you sign on the dotted line. A few differences in interest rates or other terms can equate to tens of thousands of dollars either spent or saved.…

How to Buy a HUD Home (And When You Should)

If you’ve been actively house hunting for a while, chances are you’ve come across a real estate listing that’s been referred to as a HUD home. But what does that actually mean? Is this type of home worth considering as your next purchase? We’ve got the lowdown on everything you need to know about HUD…

How Much Down Payment Is Needed to Buy a House?

After browsing listings and playing around with mortgage calculators, you’re ready to start putting your monthly housing payments towards a home you can actually call your own. But even if it seems like a better investment than paying rent each month, it’ll still require some significant financial planning. The mortgage application requires substantial financial documentation…

How Much House Can I Afford?

Buying a house brings along a full range of emotions, from nervous excitement to sheer dread over the financial commitment you’re about to undertake. It can be easy to simply put a full price offer on the first house you fall in love with, but it’s not necessarily the best decision you can make. Just…

Does Buying a House Affect Your Credit Score?

Whether you’re a first-time homebuyer or have been around the house-buying block a few times, there’s no denying that purchasing a home is a huge financial decision. You’ll most likely have to make some sort of down payment and commit to that monthly mortgage payment for 30 years (unless, of course, you decide to sell…

How to Refinance Your Mortgage with Bad Credit

Refinancing your mortgage can provide you with a lot of financial benefits. You can cash out on some of your home’s equity when you need a large sum of money. Or you can take advantage of lower interest rates to save on your monthly payments. You might also be able to get rid of your…

How to Get Pre-Approved for a Mortgage (And Why You Should)

Buying a home can be a stressful process, whether you’re a first-time buyer or have been buying real estate for decades. Not only is there the emotional anxiety over finding a home that you like and is in good condition, there’s also the pressure to make sure you get approved for a mortgage. Plus, even…