Thinking About a New Home? 3 Reasons Why a Mortgage Will Be the Best Money You Ever Borrow

August 10, 2017 by John · Leave a Comment 

In these days of low interest rates, it can be a great idea to get into the real estate market and invest in a home. However, if you don’t have the funds saved up to buy a home outright, it may seem like more of a burden than it’s worth. The good news is that you might qualify for a mortgage loan, which tend to come with more favorable terms than a traditional bank loan. Here are three reasons why a mortgage might just be the best money you ever borrow.

Forget About the Bank of Mom and Dad — Here’s How You Can Save Your Own Down Payment

July 26, 2017 by John · Leave a Comment 

Are you considering buying a home for the first time? It might come as a surprise that you’ll want to have approximately 20% of the purchase price of your home for a down payment. For some, it can seem nearly impossible to come up with the funds. Fortunately, there are a few ways that you can save a little over time and not have to borrow from the “Bank of Mom and Dad”.

3 Ways to Earn Some Spare Cash to Help Pay Your Mortgage Down Faster

June 1, 2017 by John · Leave a Comment 

A mortgage is one of the most expensive purchases you’ll make in your life, and for many the idea of being indebted to it for years can seem like quite a burden. However, while you won’t necessarily be able to pay off your home with instant savings, there are ways that you can pay it down more quickly. If you’re wondering how to drum up some extra money for your mortgage, you may want to consider the following options.

Student Loans vs. Down Payments: 3 Ways You Can Manage Both and Buy a New Home

March 24, 2017 by John · Leave a Comment 

The idea of paying off your student loans and buying a home at the same time can seem like an impossible feat given the impact on your Debt-to-Income (DTI) ratio. However, there are ways it’s possible to have enough funds and good enough credit to make your dream of home ownership come true a little more quickly.

Buying a Home This Autumn? 4 Unconventional Ways to Save up for Your Down Payment

October 14, 2016 by John · Leave a Comment 

Autumn is a popular time for new home buyers to start looking for their first house or condo. But with that down payment looming, everybody could use a bit of help saving up to make that bulk payment a little less intimidating.

Mortgage Myths: Here’s Why You Don’t Need a Full 20 Percent Down Payment

September 22, 2016 by John · Leave a Comment 

If you’re just getting into the real estate market, you may have heard that 20% down is the ideal percentage in order to lower your monthly payments and get your mortgage application approved. However, while 20% is often suggested, many people struggle to come up with this amount of money.

How to Calculate Your True Cost of Living and Determine How Much of a Home You Can Afford

March 9, 2016 by John · Leave a Comment 

If you’re in the market for a house and are wondering how your income will stack up against the rest of your expenses, here’s how to determine a home cost that’s reasonable for you.

Buying a New Home? Learn How the ‘Conforming Loan Limit’ Might Affect Your Purchase

February 18, 2016 by John · Leave a Comment 

‘Conforming loan limit’ may be a less familiar real estate term than the rest, but here are some things you’ll need to know about it and what it could mean for your biggest investment.

Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage

February 10, 2016 by John · Leave a Comment 

Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.

5, 10, 20 Percent or More? How to Determine How Big of a Down Payment You Need

January 13, 2016 by John · Leave a Comment 

Whether or not you’re new to real estate, there’s little doubt that you’ve heard the term down payment as it relates to purchasing a home. If you’re trying to determine the ideal amount to put down, here are some things to consider.

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