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If you are thinking about buying a home in 2021, one of the first things you need to do is save enough money for a down payment. That’s not an easy task, and if you’re having trouble saving money, it might be time to examine your current spending habits. Here are three common habits that […]

One of the most common rituals for the new year is the habit of setting goals. Often these goals revolve around personal improvement, or finding ways to make a better life in the coming year. For those who have been renting, now is the perfect time to set a goal for achieving home ownership in […]

In part one of this blog post we covered the first steps to help you save for a down payment, which involved: Knowing how much you need to save Setting a timeline for saving Selecting the loan you would be eligible for, so you know how much down payment you need (5% to 20%+) Now […]

There are few things in life as big as buying your very own home. Homeownership has long been a central part of what many people call the “American Dream,” but it’s not something that you can achieve easily. One of the biggest hurdles to buying a new home is having enough money to put as […]

Now that the events of early November are starting to settle, it looks increasingly president-elect Joe Biden will become the 46th president of the United States. Many people are wondering what effect this change might have on interest rates. After all, we have seen a long stretch of record low rates. Homebuyers in the market […]

As you prepare to apply for a mortgage loan, there is a lot to do. You need to get prequalified and/or preapproved, you need to set your budget, and you need to make sure your finances are in order to get the best mortgage rate. But there is one additional item to add to your […]

So you’ve decided to take the next steps toward buying a new home? Congratulations! Home ownership is one of the best ways to build wealth with a long-term investment. It can also provide you with added stability and perks like tax deductions for some homeowners. It is also a big step and definitely not a […]

There are several different types of mortgage loans, but mostly they fall into two larger “buckets”: loans that are federally-backed, and loans that are backed by private companies. There are some important differences between the two, so it’s good to understand some of the benefits of a federally-backed mortgage, and how to find out if […]

You have probably noticed that mortgage rates have been dropping in the last few months. Since the start of 2020, when rates were already near historic lows, they have continued to decline. In fact, this year alone the interest rates on mortgages have hit record lows 11 different times. If you are in the marketing […]

As you are deciding on which home loan is going to work best for your financial situation, one of the things you will need to discuss with your lender is how much you can spend on closing costs. Understanding Closing Costs “Closing costs” is a broad term that is used to describe a variety of […]