Be Savvy When Purchasing Your First Home

Making the decision to purchase your first home is, at once, exciting and daunting. To help you through the process, the below steps provide a guide to first-time buyer success by providing a useful framework for where to begin, as well as an ideal path to follow in the search for your dream home. Calculate your monthly budget – before ... More

Is An Investment Property In Your Future?

Under the right circumstances, an investment property can be a great opportunity to earn rental income, especially since property values have been rising steadily since 2007 and are expected to continue to be a solid investment. If you’re considering this type of investment, however, you’ll want to consider the following: Excellent ... More

What Your Existing Debt Signals To Mortgage Lenders

If you’re like most Americans, you’ll carry debt at some point in your life, whether it be student loan debt to a financed automobile. While all debt affects your all-important debt-to-income ratio – that is, your monthly debt payments divided by your gross monthly income – different types of debt mean different things to mortgage ... More

Are You Losing Money On These Sneaky Credit Card Charges?

Consumers tend to be fairly well-educated on credit card interest rates and annual fees, but there are a host of other charges that can lead to increased debt, too. Though credit card companies often fly under the radar with these money-makers, it’s possible for the savvy consumer to avoid them altogether. Read on for several of the most ... More

Home Equity Conversion Mortgage Allows Senior Citizens to Purchase a Home

Whether you’re a senior looking to purchase your first home, downsize to a smaller property or purchase an additional home, a little-known reverse mortgage tool called the Home Equity Conversion Mortgage for Purchase, or HECM, may be just the ticket. Generally, reverse mortgages are known as a vehicle for senior citizen homeowners to ... More

Is a Jumbo Mortgage Right For You?

If you’re like most prospective home buyers, you’ll likely apply for a common mortgage loan called a conforming loan. Though the Federal Housing Finance Agency establishes limits on conforming loans, borrowers may still exceed conforming loan amounts in particular cases. When this occurs, the mortgage instrument is called a jumbo mortga... More

ARM Loans 101

Adjustable Rate Mortgage loans, commonly called ARM loans, are one mortgage loan option available to prospective homebuyers. By definition, these are loans linked to an economic index, meaning the interest rate will fluctuate over time. Despite the uncertainty in rate, ARM loans can be very attractive because they typically feature a very low ... More

Understand Negotiation Tactics For Landing the Home of Your Dreams

For many prospective homebuyers, the most intimidating part of the home purchase process may be negotiating the sale price with the seller or the seller’s agent. If you’re working with a real estate agent, they will likely do quite a bit of the “dirty work” of negotiation. Still, it’s wise to understand negotiation tactics to ensure ... More

Can I Get A Home Loan Without Putting 20 Percent Down?

Research consistently shows that the number one thing holding renters back from buying is an inability to save for the required down payment. This is due, in part, to a long-held belief that the only good down payment is one of 20 percent or more. Unfortunately, with the average home in the United States selling for $311,400 these days, ... More

Buying vs. Renting in Retirement

The decision of whether to buy or rent a home is one you’ll be faced with through many phases of life, but perhaps the most confusing phase is that of retirement. For those who have owned a home for decades, the idea of renting can seem foreign, even if it offers benefits. For those who were always accustomed to renting but may be ready to ... More