Maryland First-Time Homebuyer Guide 2023
If you’re thinking about buying your first home in the Old Line State, know that there are a series of first-time buyer programs and mortgage options that can make the journey easier.
- Oct. 20, 2023
- Home Loans
Ailin Goode
Staff Writer, New American Funding
Posts by Ailin Goode
Celebrate Hispanic Heritage
Hispanic Heritage Month is an annual celebration in the U.S. that honors the rich history, diverse cultures, and significant accomplishments of the Hispanic community. From September 15th to October 15th, educational events and cultural celebrations take place all over the country.
- Sep. 15, 2023
- Home Life
How To Get Rid Of Private Mortgage Insurance
PMI is private mortgage insurance that is required by your lender on Conventional loans – most often, it’s required by when a borrower puts down less than 20% as a down payment on their new home.
- Jul. 5, 2023
- Home Loans
USDA VS FHA Home Loans
The main commonality between USDA and FHA loans is that they are both backed by the federal government. This means that they are guaranteed by their respective government agencies against default.
- Jun. 27, 2023
- Home Loans
FHA vs Conventional Loans: Key Differences
Each loan has its benefits. FHA loans are easier to qualify for, but a Conventional loan is likely to be less expensive if you qualify.
- Jun. 23, 2023
- Home Loans
An FHA Assumable Loan: What You Need to Know
Assumable loans allow potential homeowners to take over the previous homeowner’s mortgage directly when buying a house, benefiting both the buyer and the seller.
- Jun. 16, 2023
- Home Loans
Using an FHA Loan to Buy a Foreclosure
Purchasing a foreclosure with an FHA loan can be a great way to save money on a property that has the potential to become your home for many years or a great investment for the future.
- May 30, 2023
- Home Loans
VA Restoration of Entitlement
How much entitlement you have is also the deciding factor in how much you can borrow while still not being required to make a down payment, one of the main benefits of using a VA loan to buy your home.
- May 23, 2023
- Personal Finance
Ways to Pay Off Your House Early
The benefits associated with fully paying off your 30-year fixed-rate mortgage can help you focus on other outstanding debts you may have, things you’d like to experience, or a savings account you’re working on adding funds to.
- May 19, 2023
- Personal Finance
First-Time Homebuyer Expenses
Whether it’s a fixer-upper or a turn-key house, buying your first home is a momentous event. From the down payment to closing costs, furnishings, utilities and taxes, knowing what expenses first-time homeowners can expect will help you prepare yourself for the committed investment of homeownership.
- May 12, 2023
- Personal Finance