Mortgages are complicated, and they bring lots of complicated terms and definitions. APR? Interest Rate? What do they mean, and what’s the difference? Most importantly, what do they mean to your mortgage? And what can not knowing cost you? Let’s have a look. Interest...
The average first time home buyer is often completely overwhelmed when they start to consider homeownership. A new home is likely the largest purchase most people will make in their lifetime. When you’re first starting out, you may experience some sticker shock. And a...
If you dream of buying a home but have less-than-perfect credit, don’t despair. Credit repair’s not rocket science, all you have to do is follow these 10 simple steps. Get your credit score. Find negative items on your credit report. Check your credit...
You’re all set to buy a house, but what kind of mortgage is right for you? For some, a conventional loan’s the way to go. For others, an FHA loan may be a better bet. You can get either kind of loan from a bank or credit union, but FHA loans are insured by...
Lots of people dream of home ownership But when it comes down to it, most of us only have a fuzzy idea about how to buy a home. The terms can be confusing: Down payment, APR vs. interest rates, no money down… How do people qualify for home loans? How much do...
Thinking of buying a home but don’t have a 20 percent down payment? If you take a look at these types of loans, you may be pleasantly surprised. The down payment’s what many people see as the main barrier to buying their first home. Some industry...
