What To Expect at Closing
Who are all these people with their hands out? Do I really need them? What’s it going to cost me? Here’s information to help demystify the closing process – and all those fees – when you buy a home.
Mortgage Basics: Your Credit Score
By: Bankrate.com
Your monthly principal and interest charges are determined by the rate and the amount of the loan. The rate and loan amount, in turn, are affected by several factors. The rate depends on your credit score, discount points you pay and whether the down payment is less than 20 percent. The loan amount depends on [...]
4 Mortgages That Require Little Money Down
By Holden Lewis • Bankrate.com
Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment.
These mortgages are becoming more commonplace even as the country recovers from a housing bust made worse by the popularity of low-down-payment mortgages during the housing boom.
The Federal [...]
How to Take the Stress Out of Buying a Home
By David Pitt, Associated Press
Courtesy MSNBC.com
A combination of government incentives and near record-low mortgage rates has prompted legions of first-time homebuyers to take the plunge. Buying a home can be exciting, yet daunting because it’s a complicated process with potential pitfalls at every step. But, it doesn’t have to cause anxiety if you plan and [...]
Don’t Shop For a Home on Price Alone
By Marilyn Kennedy Melia Courtesy of Bankrate.com
Today’s buyer has a one-track mind when it comes to shopping for a home: price, but it might lead him in the wrong direction.
Home shoppers’ overriding goal, according to real estate agents, is to scoop up a bargain.
“There are certain expectations now,” says Raylene Lewis, an agent with Century [...]
