Do you Need Perfect Credit to Buy a House?
It’s a common myth that you need perfect credit to buy a house. The truth is you don’t. You can buy a home with an average or sometimes even a low credit score. Of course, an excellent credit score…
All About FHA Mortgage
Introduction Explanation of what an FHA mortgage is A Federal Housing Administration (FHA) mortgage is a government-backed loan program designed to help homebuyers secure affordable financing for their homes. It was established in 1934 as part of the National Housing…
FHA Mortgage VS Conventional Loans
When it comes to buying a home, there are two main types of mortgages to consider: FHA mortgages and conventional mortgages. Here are some key differences between these two mortgage types to help you decide which one is right for…
How to Determine your Home’s Total Monthly Costs
You applied for a mortgage and know the principal and interest, but do you know what else goes into your home’s monthly costs? Your mortgage payment usually includes more than principal and interest, depending on how you set it…
5 The Key Advantages of Investing in a Home
For many people, buying a home is a major financial goal. Owning a home offers many advantages over renting, as it provides financial security, stability, and a sense of pride of ownership. In addition, owning a home can be a…
How Does the Mortgage Process Work?
When you’re thinking about buying a home, you’ll most likely will need financing. Understanding how the mortgage process works and what you must do to get approved can make the home-buying process much less stressful. Here’s how the mortgage process…
What is Pre-Approval, and Why do you Need One?
The mortgage pre-approval is the most important initial part of the mortgage process. It’s the key to closing your loan on time and getting the financing you need. It’s strongly recommended to get pre-approved before looking at homes. It streamlines…
Buying a House with No Down Payment
Buying a house with no down payment is possible. It sounds crazy, but there are loan programs that don’t require money down; however, you must still cover the closing costs, in some cases. So you’ll need some money to close…
Down Payment Assistance Programs – How do they Work?
If you’re considering buying a new home but don’t have enough money saved for a down payment, a down payment assistance (DPA) program may help. DPA programs help first-time homebuyers secure funds for a down payment and closing costs, so…
FHA Loans aren’t just for First-Time Homebuyers
FHA loans have a reputation for being only for first-time homebuyers, but they could be a solution for almost any homebuyer. If you don’t have ‘great’ credit or your debt-to-income ratio is higher than conventional loans allow, an FHA loan…
