Are you ready to buy a home but feeling overwhelmed by mortgage options? You’re not alone. For many first-time buyers—and even seasoned homeowners—the process of selecting the right loan can be confusing, stressful, and costly if not approached strategically. The … Read More
As many as16% of Americans have a low credit score. This may worry those who are trying to secure a mortgage for a house purchase or refi, as there are often certain credit score requirements that must be met. However, … Read More
FHA loans are one of the best options for individuals and families purchasing a first home. The Federal Housing Administration backs these mortgages, and they are a great option since they require less down payment and have less stringent requirements … Read More
Almost anyone who wants to buy a home can, thanks to a variety of mortgage programs available for different types of borrowers. Even those who can’t fathom saving up a 20% down payment can still purchase a home they love, … Read More
FHA home loans are incredibly popular, especially with first-time home buyers. One of the biggest reasons these loans are popular is that they have different requirements than traditional mortgage loans. The looser requirements are designed to lower the barriers of … Read More
65% of Americans own their own home these days. Buying a home can be a great way to lock in your monthly housing costs versus rent, which can go up yearly and negatively impact your budget. Owning your home has … Read More
When discussing mortgages, it can be easy to get lost in the terminology quickly. If you are buying a home, especially if this is your first home, you may hear the term FHA loan. It’s a good idea to familiarize … Read More
Written by Zach Hewke Edit by Sabrina Lopez When you’re budgeting to purchase a home, there is much more to consider than just the down payment you’ll make or your monthly mortgage payments. Here, we review the hidden costs of … Read More
Back in 1934, only about 10% of American households owned the homes they lived in. It was difficult for people to get approved for mortgages, so the vast majority of American households rented their homes. This led to Congress creating … Read More
In the U.S. alone, FHA mortgage rates are determined by the Federal Reserve and are driven mostly by market forces. When there is an increase in mortgage demand, the Fed can raise interest rates to keep inflation under control. Homeowners … Read More