The road to becoming a homeowner for many Millennials can sometimes seem impossible. Juggling exorbitantly high rents with the burden of student loans makes saving up for a down payment much harder now than it was in the past….
Homeownership for many represents the American Dream: security, family, and stability. However, the 2008 housing bubble burst managed to shake this dream—just as the earliest Millennials started making their way into adulthood. Despite this setback, many continue to aspire…
Getting a new home loan to replace your existing mortgage is called refinancing. Homeowners refinance their existing mortgages for a variety of reasons. Why Would I Consider Refinancing? Refinancing can save you some serious money. Mortgage interest rates are…
In 2018, mortgage pre-approvals are absolutely essential to the home buying process. Given how important pre-approvals are to homebuyers, real estate professionals, and home sellers, most folks would be surprised to learn that many mortgage pre-approvals have a serious…
The wisdom espoused by some real estate professionals (and occasionally by well-meaning friends and family) goes something like this: When buying a home, go ahead and spend every cent of what a lender is willing to finance for your…
As a soon-to-be-homebuyer, you did the smart thing and got pre-approved for a mortgage. Now that you’ve gone through the pre-approval process, you know what your expected monthly mortgage payment amount and maximum home price are. Some would-be homebuyers…
Pre-approved borrowers can rest a little easier than other wanna-be homeowners because they know that they’ve already jumped through most of the hoops to qualify for a mortgage. As a savvy soon-to-be homeowner, you know that getting a mortgage…
As a first-time homeowner, you may not know is exactly when in the home buying process you should tackle the mortgage question. Too many homebuyers wait to worry about home financing until they’re knee-deep in negotiations on their dream…
Ever gone to the store without your wallet? Then you know how embarrassing and frustrating it can be to want to buy something and suddenly discover that you’re unable to pay for it. When you’re buying something as important…
4 Things You Need to Know Most first-time homebuyers don’t have hundreds of thousands of dollars just sitting in their bank accounts. If you need financing to purchase a home, you’ll need to be able to show a seller some…
Sometimes, waiting until the right time of year to buy something can help you save some serious money. The end-of-year holidays just around the corner. Retailers are currently gearing up to offer their best deals on cookware, electronics, tools,…
This time next year, you could be standing in the doorway of your very own home. That is, of course, if can you avoid the pitfalls and perils that sometimes befall unwary would-be homeowners on the way to closing….
Maybe you’ve heard horror stories about mortgages gone wrong—particularly when mortgages don’t close quickly. Homebuyers stuck in living-in-a-hotel-limbo because they underestimated the length of time it would take to finalize their mortgage. The seller who backed out of a…
While most homebuyers are married couples, about 15% of young homebuyers in the United States are unmarried couples purchasing a home together. In metro areas with hot housing markets like Tampa, Portland, and Washington, D.C, that number is even…
You wouldn’t go to the grocery store without bringing your wallet. And for major purchases like home appliances or furniture, you’d make sure you had enough money (or credit) to cover the cost of that new dishwasher or sofa…
Fees and expenses associated with finalizing a real estate transaction are called closing costs. Many first-time homebuyers are surprised to find out that closing costs are a thing at all. Then, they’re doubly-surprised to learn just how much of…
A home is probably the single most expensive thing you’re likely to purchase, ever. That means you’ll want to plan carefully for such a major financial undertaking. Smart buyers know that a little bit of legwork in the beginning…
Buying a home is a big deal! Once the euphoria of deciding to buy subsides, the home buying process can become stressful, expensive, and extremely time consuming. But don’t despair, there are great tech companies out there improving every…
Buying your first home is a big decision. It’s exciting, of course. But for most people, buying a home can feel pretty daunting. Andd navigating the home-buying and financing process can put jitters in even the most self-assured buyer….
House hunting can be fun, but it’s not always easy. From sorting out your personal finances to picking out paint colors, here’s our start-to-finish guide to finding the perfect home. Step Up Your Savings, and Clean Up Your Credit…