First-Time Homebuyer Myths
There are many myths and misconceptions about buying a home that can prevent people from taking the plunge. In this article, we'll debunk six common myths about buying a home.
- Feb. 7, 2024
- Home Life
Ashley Cantley
Staff Writer, New American Funding
Posts by Ashley Cantley
Creative Ways to Save For Homeownership
Are you dreaming of owning a home but feel that it’s financially out of reach? Don't give up just yet! There are several creative ways to save for homeownership.
- Feb. 5, 2024
- Personal Finance
Opening Doors to Homeownership: Expanding Opportunities with Pathway Plus
The Pathway to Homeownership initiative by New American Funding (NAF) has expanded to reach new markets, making the American Dream of homeownership more attainable for more people.
- Jan. 22, 2024
- Announcements
NAF Heroes: Supporting Military Families
New American Funding's NAF Heroes initiative stands as a shining example of commitment and support, a testament to the resilience and hope that define the American spirit.
- Jan. 12, 2024
- Announcements
Cash-Out Refinance vs. Home Equity Line of Credit: Choosing The Right One
Ultimately, the decision between a Cash-Out Refinance and a HELOC depends on your individual financial situation and goals. Consider factors such as interest rates, repayment terms, tax implications, and your need for flexibility in accessing funds.
- Jan. 4, 2024
- Home Loans
HELOC vs. Second Mortgage: Which is Better?
A HELOC is a flexible line of credit secured by your home's equity. It allows you to withdraw funds as needed, while a second mortgage is a lump-sum loan also secured by your home's equity.
- Dec. 28, 2023
- Home Loans
Do You Pay Taxes On Cash-Out Refinance?
A Cash-Out Refinance is a financing method that allows homeowners to tap into their home equity by refinancing their current mortgage for a more significant sum of money. The homeowners receive the difference between the new and original mortgage in cash and can use it as they wish.
- Jul. 11, 2023
- Home Loans
10 Reverse Mortgage Myths and Misconceptions
A Reverse mortgage is a loan available to qualifying homeowners aged 62 or older, allowing them to convert a portion of their home equity into cash. It's a valuable financial tool for seniors looking to access their home equity during retirement.
- Jun. 30, 2023
- Home Loans
How Does a Home Renovation Loan Work?
A Renovation loan is a unique financial solution that caters to homeowners looking to make significant improvements to their properties. Unlike traditional home loans or personal loans, this form of financing is tailored to address the expenses associated with home remodeling and renovation projects.
- Jun. 9, 2023
- Home Loans
VA Cash-Out Refinance
A VA Cash-Out Refinance is a Department of Veterans Affairs-backed loan that allows homeowners to exchange their home equity for cash while replacing their current mortgage with a new one under different terms.
- May 26, 2023
- Home Loans