Should I Save for a Down Payment on a House or Pay Off Debt?
What’s better – saving for a down payment on a house, or using that money to pay off debt? Find out here in this case study, as well as tips and exceptions.
homeownership
Does Having A Mortgage Help Your Credit Score? Your Mileage May Vary, Here’s Why
Mortgage Q&A: “Does Having A Mortgage Help Your Credit Score?” If youâve ever pulled your credit report and/or viewed your scores, you may have noticed that the lack of a mortgage could actually be holding you back from credit score perfection. Even if you already have a seemingly great credit score, the credit report ânotesâ… Read More »Does Having A Mortgage Help Your Credit Score? Your Mileage May Vary, Here’s Why
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What Is a Piggyback Mortgage Loan?
At its simplest, a piggyback mortgage can be defined as a second mortgage, typically a home equity loan or home equity line of credit (HELOC). Piggyback mortgage loans might be a smart option for homebuyers looking to finance a home without a large down payment. They are taken out at the same time as main […]
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Rent-to-own vs renting: which is best for you?
If youâre considering a rent-to-own contract, make sure you understand what youâre getting into. Learn more about the positives and negatives of rent-to-own.
9 Home-Buying Costs Veterans and Active Military Should Keep in Mind
Since 1944, VA loans have been a proven way for veterans and active military to achieve their dreams of owning a home. But when people hear âno down payment,â they often donât realize they’ll still need some cash on hand to seal the deal.
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5 Ways to Buy a House With a Small Down Payment
You don’t always need 20% down to buy a home. In fact, in some cases, you don’t need any down payment at all.
Is Your Dream Home Out of Your Price Range? There’s Hope Yet
It’s heartbreaking when you find out your dream home is out of your price range. But is it, really?
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Why Are Mortgages Cheaper Than Rent?
Mortgage Q&A: âWhy are mortgages cheaper than rent?â Today weâll discuss why mortgages often appear to be less expensive than a monthly rent payment, despite allowing you to build precious home equity. For example, you might be shopping mortgage rates and see a sample loan amount of $240,000, along with a hypothetical interest rate. Letâs… Read More »Why Are Mortgages Cheaper Than Rent?
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Should I Invest if I Still Have Debt?
As you start to establish yourself financially, you may come to a crossroads: should you pay off debt or invest in your future? It can be confusing to know what to do in this situation, especially if you have multiple financial goals youâre saving toward. The first step is to look at the numbers, then […]
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Why You Shouldnât Rush to Buy a House Right Now
Super low mortgage rates alone arenât a good reason to buy a home. Before you jump into the housing market, carefully consider these five factors.