Do you know the difference between discount points and origination points? These are two important terms any home buyer should understand.
Each type of point is equal to 1 percent of your total loan amount. For example, on a $200,000 loan, one... (Read More)
The appraisal is an important part of the home buying process. But what happens if the appraisal comes up short of the agreed-upon selling price?
Here's an example: A home is listed for sale for $350,000. It's a multiple bidding situation, so you... (Read More)
Mortgage rates are on the move. When is the best time to "lock" your mortgage rate? And for how long should your lock be effective? If you're buying or building a home, you'll have to answer both of these questions.
Unfortunately, there's not a... (Read More)
When it comes to buying a home, there are two very important people who can help guide you through the process. The first is your lender. Your loan officer can help you determine how much home you can afford and help you review your loan... (Read More)
Which renovation projects provide the biggest return on your investment when it comes time to sell your home? You can get a pretty good idea of which upgrades offer a better ROI than others by taking a look at Remodeling Magazine's Cost Vs. Value... (Read More)
Think that you need a 20 percent downpayment to purchase a home? Many prospective home buyers buy into this myth, studies show. Yet research shows that among those who take out a mortgage to purchase a home, the median downpayment is about 10... (Read More)
Don't think you'll be able to afford to buy your first home anytime soon? The good news is that when it comes to finances, little efforts can lead to big results. These four strategies are designed to help you and your family spend less, save more... (Read More)
Do you have a fire extinguisher? If you don't, it's time to add it to your shopping list. Every homeowner should have one on each floor or area of their home and know how to use it.
Fire extinguishers are life savers. Make sure to purchase one... (Read More)
Year in and year out, spring and summer are the busiest home buying seasons. And each year, home buying activity starts to slow down in August and September. Many people time household moves during summer vacations and want to be settled into their... (Read More)
You found a home that's in the right neighborhood and an easy commute to work. The only problem: It's listed for sale in 'as-is' condition. What does that mean? A home that's being offered for sale in 'as-is' condition means that the owner is... (Read More)