Budgeting for closing costs becomes necessary after purchasing a home. These expenses and fees are part of securing a home loan and are commonly referred to as mortgage closing costs. It’s important to note that closing costs go beyond the down payment. That is typically ranging from three to five percent of the loan amount. […]

Are you planning to buy a home? Is it your first time? Then the chances are that you have many questions on your mind. It can be difficult to make an informed home buying decision for first-time home buyers with so many unanswered questions. But don’t worry, we have you covered. Hence, these are some

When you apply for an FHA loan or make a down payment of less than 20 percent on your conventional loan, you, the loan borrower, will have to provide mortgage insurance. Read on to learn about this in detail. Get your copy of the First-time Home Buyer Guide for FREE. Click here. Mortgage Insurance- What

The rule of thumb is to make a minimum of 20 percent of the purchase when making a down payment. However, that doesn’t mean you have to postpone the dream if you can’t afford it. In fact, a down payment assistance program is one of the best and most feasible ways to start your homeownership

Though renting a home may sound feasible and cost-effective at first, it’s a better idea to buy a home than rent it, especially in the long run. Home buying offers a bunch of benefits to people. Read on to learn the top benefits of buying a home over renting, whether you’re about to tie the

Are you thinking of applying for a home loan? Do you want to realize your homeownership goal as quickly as you can? Then the good news is that several loan types are available for various homebuyers. So, whether you are a first-time homebuyer or buying a second home, you can find a home loan that