Options For Affording A Down Payment On A Home

Affording a traditional 20% down payment on a home is a tall order for many prospective home buyers. Considering that the value of the average home in the United States currently sits at about $188,900, a 20% down payment will run the average home buyer a lot more money than most people have just sitting around in their bank accounts.

What Are Conventional Mortgage Loans?

Conventional mortgages are those that are not financed or guaranteed by the federal government. Almost all of these mortgages come from either Freddie Mae or Fannie Mac.

Am I Too Young To Buy A Home?

It’s a rite of passage for many young people: once they graduate high school/college (if they choose to go that route), they go out and find full-time employment, meet a significant other, and start to consider buying their first home. The process of buying a home begins for different people at different ages, with some being much younger than others. The real question comes to be: How young is too young for me to be allowed to purchase a home?

6 Reasons Why Summer Is A Great Time To Buy A Home

Many people wonder what the best time of year to buy a home really is. One time that you may not consider when purchasing a home is the during the summer season. However, purchasing a home during the summer season can actually work to the buyer’s advantage in several different ways.

Understanding Your Closing Costs

One of those things that many home buyers, particularly new home buyers, don’t consider in the purchasing process or price of their new home are closing costs.

Do I Need A Good Credit Score To Get A Mortgage?

Many people believe that they will only qualify for a loan for a mortgage if they have a great credit score. While having a great credit score is a good thing when you are buying a home, to say that you cannot get a home without a stellar credit score is simply not true.