Buying a fixer-upper is an appealing path to homeownership for many buyers. It can be an affordable way to purchase a property, and buyers can tailor[…]
Article Audience: A First-Time Home Buyer
A First-Time Home Buyer
What Is a Co-Borrower on a Mortgage?
Homebuyers use a co-borrower mortgage when they need more than one income to qualify for a mortgage. Co-borrowers can be a couple, but they don’t[…]
Mortgage Bank Statements: Why Lenders Need Them and What They Look For
When applying for a home loan, your lender may request mortgage bank statements. This refers to your personal bank account statements, which can help[…]
What Is an Escalation Clause in Real Estate? When To Use One
An escalation clause in real estate is a section in the contract where a potential homebuyer states that they’re willing to increase their offer if[…]
What Is a Deductible for Homeowners Insurance?
The deductible for homeowners insurance is the portion you pay towards a covered loss. When you file a homeowners insurance claim, the insurer[…]
First-Time Homebuyer Class: What’s Covered and When to Take One
A first-time homebuyer class helps you learn about the ins and outs of the homebuying process and what it means to be a homeowner. Even if your[…]
How to Save for a Down Payment on a House
One of the most significant issues first-time homebuyers face is how to save for a down payment on a house. Saving a substantial amount of money may[…]
What Does Homeowners Insurance Cover?
As a new homeowner, you may wonder exactly what does homeowners insurance cover and why do you need it. Your home is one of the largest investments[…]
Conventional Loans: What They Are and How to Qualify
Conventional mortgages are home loans that are not part of a government program. Conventional loans are usually less expensive than government-backed[…]
USDA Loans: How to Qualify and Borrowing Requirements
If you’re buying a home in a rural community, you might qualify for a USDA loan. These loans are guaranteed by the U.S. Department of Agriculture[…]