Buying a house can be difficult, particularly if you have to pay a down payment toward the value of the house. For first-time homebuyers, home affordability is even more challenging
Your credit score matters a lot when you’re trying to get a mortgage to buy a home. However, you still have plenty of mortgage options even with a below-average credit
Buying a home in the current property market can be challenging. The Fannie Mae HomeReady® program is geared towards buyers who might be struggling to enter the property ladder. The
A home appraisal timeline ranges between one and three weeks. In a hot licensed real estate market, you get an appraisal on the higher end of the range. A home
Purchasing a condo is a great way to own a new property. Condo estates are usually located in central areas with lots of amenities and opportunities. City centers, schools, shopping
The Home Possible® Program from Freddie Mac helps low-income borrowers achieve homeownership on favorable terms. The program comes with a low down payment, which helps first-time home buyers climb on
You typically need a few months for the whole first-time home-buying process. It often takes between 6 and 8 months of research in the local market on average to find
You are typically considered first-time homebuyers when you haven’t owned a home before. However, the definition of a first-time principal residence buyer is not as straightforward as it may seem.
You will assess how large and expensive a house you can afford depending on how much you make. The price of a home you can realistically afford depends on your
Underwriters want to check that you are a responsible borrower who’s financially able to repay the mortgage. They also need to make sure the money you use for your down
During hurricane season, the safety of high-rise condos becomes a top priority. There are many misconceptions about hurricane damage and prospective apartment and condo buyers should have valuable insight about
Are you thinking of buying a condo as your new home? Condos mix convenience and community living, which sets them apart from traditional single-family homes. They can make life easy
As mortgage rates continue to rise, they have reached their highest point since 2009. Whether you are buying a home or have already bought a home, the interest rate on
Home equity is a topic that may sound more complicated than it actually is. Due to questions we’ve had, we’ve decided to make a blog post talking about what equity
So you’ve heard that buying a house after the Fall months is a terrible idea, right? However, the best time where you can find your dream home at the best
For this blog update, we’ll discuss the other types of IRAs, SEP IRAs and Simple IRAs. We’ll also go into detail what your mortgage lender will require from you if
Asset documentation is one of the most stressful parts of the mortgage loan process. Having to supply the most recent 2 months of bank statements, and also having to keep
When it comes to buying a new home, there are plenty of options for borrowers. Buying an existing home is the most common practice currently. However, it newly built home