While a 2% mortgage rate may feel like a distant dream, some buyers in 2024 are actually pulling it off. No, this isn’t not magic. It's called an assumable mortgage.
Down payment assistance programs are tools to help buyers afford homeownership. First-time and lower-income buyers who are struggling to come up with the minimum down payment needed to qualify for a mortgage can use these programs to help bridge the gap.
Understanding eligibility criteria for USDA financing is essential if you think this path might be your route to homeownership. Here's what you need to qualify for USDA financing.
A mortgage pre-approval is a written statement from a lender that specifies how much "home" a borrower can afford. Lenders determine pre-approval amounts by looking at an applicant's credit score, credit history, debt, income, and assets.
Pre-approval results can be provided anywhere from a day to a few weeks after an application is submitted.
In general, home insurance is not considered a tax-deductible expense. The only exception would be if you derive income from your property. In this case, your home insurance could be considered a business expense that is eligible for deduction.
If you’re hoping to purchase a home, it’s important to understand if you’re in a buyer’s market or a seller’s market. Here's a crash course in the differences between a buyer's market and a seller's market.
Knowing about FHA appraisal red flags is essential for anticipating if specific properties will be deemed suitable for financing before you start your home search. Here's what you need to know!
The property title search is a standard part of closing. Its purpose is to confirm the seller's legal right to sell a property. Here's everything you need to know.
Are you thinking of buying a new home? A bridge loan could play a role in making that happen. So, what is a bridge loan? Let’s take a look.