Many lenders may use a new credit scoring model that factors in on-time rent, utility, and even telecom payments, for use on mortgages backed by Fannie Mae and Freddie Mac.
Before high mortgage rates lead you to put homeownership plans on hold, learn whaat you can do now to secure an affordable mortgage.
An FHA loan paired with a second mortgage or down payment assistance can be the difference between renting and owning you own home.
The average age of first-time homebuyers has risen, with more Americans making their first purchase in middle age and beyond.
A tax refund can help you save for a home purchase faster, if you know how to maximize the return.
Reverse mortgages have been around for decades, but today’s loans look very different from earlier versions.
Home inspections aren’t an ironclad guarantee against future repairs or costly surprises.
A historic home can offer beauty and pride of ownership, but it also demands time, money, and a readiness to follow strict rules that don’t leave a lot of room for flexibility.
Knowing how ARMs and buydown loans work and who they’re best suited for can help buyers decide which option fits their budget and long-term plans.
While the home may check every box on your wish list, the real deal-breaker might be next door. A little curiosity now can spare you years of frustration, and ensure your new address really feels like home.
Stay one step ahead