Buying a home is one of the biggest purchases most of us will ever make. Saving enough money to buy a house can feel like an overwhelming goal. However, if you put a savings plan in place, you can take steps towards putting money away for a down payment on a new home. Determining how much you’ll need for a down payment is the first step. Here’s how you can figure out what your home savings goal should be.
Finding the right mortgage can seem overwhelming to a first-time home buyer or even a current homeowner who hasn’t gone through the process for many years. When it comes to getting a mortgage, there are misconceptions about the process that may discourage a home buyer. Here are four common mortgage myths and why you shouldn’t worry so much about them.
Spring is typically the season when the home-buying market picks up. But has the current COVID-19 outbreak changed all that? If you were planning to buy a new home this spring, should you forget your plans or still move forward?
If you’re currently in the market for a new home, you may be wondering if you should wait until after the holidays to buy. While spring and summer tend to see the bulk of home sales, it doesn’t mean they’re the best times to buy a house. Take a minute to explore the pros and cons of buying a house around the holidays.
Many consumers shop for home insurance policies once and then forget about it. Outdated assumptions about homeowners insurance, however, can cost you a bundle. Here are some guidelines to help ensure you have the right coverage for your home.
If you’re in the process of applying for a mortgage, you may be asking yourself—why does my mortgage lender need to know so much about me?
Extensive research into the financial, personal and credit history of home loan applicants is standard. Every home lender will request similar information for processing the loan. However, you may still be wondering why lenders are so nosy?
Are you a renter thinking about buying your first house? Making the decision to buy your first home is a big step on your path towards financial success, but the whole process can seem daunting. You may have watched friends or family members make mistakes when buying a house and want to make sure the same doesn’t happen to you. Here are some of the most common mistakes first-time homeowners make and how to avoid them.