One thing on everyone’s mind when looking to buy a house, especially first-time home buyers, is saving for a down payment. As it turns out, you may not have to save up as much as you think if you want to buy a house.
Many of your financial investments depend on a single three-digit number: your credit score. This number is derived from your financial history and helps determine what kind of loans or lines of credit you may qualify for.
There are many considerations when deciding between renting and homeownership. Each have their benefits, but one area where homeownership has the advantage is when it comes to your taxes.
Given how much time we all spent at home over the last year, the word “home” has a much different meaning than it did just 12 months ago. A home used to just be the place where you lived.
Believe it or not, tax season is already here. And if you are looking for possible deductions on your federal income taxes, there are plenty of reasons to read on. If you completed a mortgage refinance in 2020, you may be realizing the benefits of lower payments and possibly a lower rate.
Despite the pandemic’s impact on the country and the economy, one could argue that housing was never hotter than it was last year.
At New American Funding, we believe that buying a home truly is the American Dream. It helps create generational wealth and alters the trajectory of people’s lives.
Buying your first home can be overwhelming. In the midst of saving for a down payment and searching for the property you've been dreaming of, you must also find the right lender and make sure you meet the long list of qualifications it will require before offering you a loan.
Do you currently have an FHA-insured loan? If you've thought about refinancing recently given how low mortgage rates have been this year, it may be in your best interest to see if switching to a conventional loan could save you money by eliminating your monthly mortgage insurance payments.
Well, it’s time once again to discuss one of those crazy acronyms of the mortgage world. There are quite a few abbreviations that come up when you’re getting a mortgage. One of those is PMI, which we’ll discuss here in detail.