In case you’re worried about possibility of more costs added to your upfront or ongoing expenses, we’ll offer this gentle consideration: Paying PMI isn’t necessarily a bad thing because it can ultimately help you get into your dream home…
Few things compare to the fluttery feeling in your stomach the day you close on your home. After all, home loans often require homebuyers to have down payments and closing costs in hand — and those can be some…
When it comes time to shop for your mortgage, a lender might tell you that you need a jumbo loan. But what does that actually mean? In this guide, we’ll answer the question, “What is a jumbo mortgage?” Additionally, …
Coming up with a down payment for a home can make even the most avid saver quake in their boots — it’s a big chunk of change. And if you plunk down less than a 20% down payment, you’ll make…
You’re almost there, future homeowner! You’ve made a successful offer and sorted out your financing. Your future home appraised well, and it cleared a title search. Now, it’s time for your final walkthrough: one last look around before you…
’Tis the season for gift-giving! If you’ve been very, very, good—and if you’ve got kind and generous people in your life—you just might receive some money to put towards your future home purchase. And if you’ll be using gift…
If you are considering purchasing a home in 2022, you are undoubtedly dreaming of features that are important to you. As more Millennial buyers move into the market and seek out their first space, the housing market is experiencing…
Plenty of individuals depend on tips to support some or all of their earnings. This trend is especially prominent in the service and hospitality sectors, where millions of Americans work and rely on gratuities as a significant part of…
Saving for retirement is important for your future. But for people hoping to buy a home soon, watching the balances on their retirement accounts grow while trying to come up with a down payment can be a little frustrating. Why…
Putting together enough money for a down payment on a home isn’t easy. For many people—and especially for many first-time homebuyers—scraping together the traditional 20% down payment may feel next to impossible. Luckily, would-be homeowners without loads of money…
Renting isn’t exactly flushing your money down the drain, of course. Paying rent gives you somewhere to live and a place to store all your stuff. And that’s important. But unlike renters, homeowners get the benefit of housing while…
For many would-be homeowners, the biggest hurdle on the path to homeownership isn’t the expense of a potential mortgage. It’s the difficulty of saving for a down payment. For the non-savers among us, it can be tempting to assume…
The house-hunting shows on television make it look so simple: decide to buy a home. Stroll through a few open houses, fall in love with the perfect place, sign some papers, and pop open the champagne. Congratulations, you’re now…
Homeownership is a dream-come-true for many Americans. But as home-owning friends and colleagues will readily tell you, navigating the potential pitfalls of mortgages and homeownership can be difficult. Many homeowners and would-be homebuyers have their home-owning dreams dashed because they…