Nothing compares to scrolling through listings until you find the home with the perfect garden, garage, and floors. Then comes the less fun part: figuring out how to finance your home purchase. For the vast majority of people, acquiring a new home means taking out a mortgage, a loan for the part of the house […]
The post What Is A Conventional Home Loan? appeared first on SoFi.
Everything you need to know about rent-to-own options!
The post What Does it Mean to Rent to Own? appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.
A new bill being floated by Representative Karen Bass (D-Calif.) aims to lower the costs of obtaining an FHA loan, which have surged in recent months. Back in April, the FHAâs upfront mortgage insurance premium increased from 1% to 1.75%. On a $200,000 loan, weâre talking about an increase of $1,500, which certainly isn’t incidental. [&hellip
The post Proposed Bill Lowers FHA Costs for Educated First-Time Buyers first appeared on The Truth About Mortgage.
Big goals can carry price big tags. Whether you plan to buy a home, a new car or treat yourself to a much-needed vacation, youâll need the money. And before you can really start planning for these big expenses, youâll…
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The post Hey, Big Spender! Can You Afford It? appeared first on MintLife Blog.
Shopping around for a home loan? Then youâre probably trying to figure out how to strike the best balance between your down payment and monthly mortgage expenses. Understanding just how much house you can afford is tricky, which is why it helps to know all of your options in advance. Piggyback loans are just one [â¦]
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Did you know that Sunday was National Splurge Day? To me, that means an excuse to take Lyft instead of the subway. To others with deeper pockets, it may mean springing for that fancy boat, Maserati or second home. If…
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The post Can I Afford It? Big Toys Edition appeared first on MintLife Blog.
When I wrote about âCar Dealers’ Tricks — and How to Dodge Themâ in June, a number of readers were curious about my mention of using a car broker to purchase a car. I like using brokers because they reduce the hassle and uncertainty of car buying.
The post Interview with a Car Broker appeared first on Credit.com.
Over the past several months, it has become somewhat clear (insert gigantic grain of salt here) that home prices may have bottomed last year, at least in some areas of the country. While itâs still too early to say so definitively, it looks like some homes were snatched up at rock-bottom prices a year ago. [&hellip
The post You May Have Missed the Housing Bottom, But Not the Mortgage Rate Bottom first appeared on The Truth About Mortgage.
Looking for the best mortgage rates? Weâve all heard about the super-low mortgage rates available, but how do you actually get your hands on them? When itâs all said and done, it never seems to be as low as the bank originally claimed, which can be pretty frustrating or even problematic for your loan closing. [&hellip
The post Mortgage Rate Shopping: 10 Tips to Get a Better Deal first appeared on The Truth About Mortgage.