First time home buyers who dip their newbie toes in the mortgage waters might soon find out there’s a lot more to know than originally thought. It is a brand new world with lots of new terms, people and businesses and it can be a bit
overwhelming at first. Heck, even seasoned buyers can find the mortgage process quite a bit to handle sometimes. But for first timers, knowing ahead of time what to expect and when to expect it will make the process a smooth one.
If you or someone you know is retired or retiring soon and planning on buying a “forever” home, there are some things to know as it relates to qualifying income. For most, retiring means living on less and essentially downsizing financially.
The regular 1st and 15th paycheck is in the rear view mirror and now it’s time for other income to come into play. For most, monthly income comes from social security, interest and dividends and retirement accounts.
What’s the No. 1 reason renters fear taking the leap to homeownership or don't even think the leap is possible? That pesky down payment. Even with an FHA loan that requires a minimum of only 3.5% down, the idea of setting aside several
thousand dollars is daunting at the least (and, in many cases, darn near impossible).
More and more homeowners are looking to save money, gain valuable experience, and take pride in their places by doing their own home fixes and renovations. But when do you know if a project is DIY-worthy or DIY-crazy?
We’re looking at five of the most popular projects to determine whether you can have at it or you should turn it over to the pros.
Freddie Mac's results of its Primary Mortgage Market Survey® shows that "With both the unemployment rate and mortgage rate below four percent and near historic lows,
it is no surprise that the housing market regained momentum with home sales and construction at or near decade highs. The fall housing market is poised to continue with steady gains in prices and solid sales activity."
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