When applying for a home loan, your lender may request mortgage bank statements. This refers to your personal bank account statements, which can help[…]
Mortgage Bank Statements: Why Lenders Need Them and What They Look For
Category: First Steps
First Steps
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 money can be challenging when it[…]
What’s the Difference Between a Condo and Townhouse?
When considering what kind of home you want to buy, it’s important to know the difference between a condo and townhouse. Many people use the term[…]
How Much Should You Put Down on a House?
How much should you put down on a house? The answer depends on your monthly budget, available savings, and overall financial situation. You’ll also[…]
Do I Need a Realtor to Buy a House?
Homebuyers, especially first-timers, often wonder if they need a Realtor to buy a house. Using a real estate agent isn’t required, but novice[…]
How Much Money Do I Need to Buy a House?
The first question most new homebuyers ask is: How much money do I need to buy a house? The answer varies depending on the price of the house, the[…]
Comparing 15- vs. 30-Year Mortgages
When taking out a new home loan, compare your options on a 15 vs 30 year mortgage term to find the best choice for you. Depending on which loan you[…]
Home Foreclosure Meaning: How to Buy a Foreclosed Home
Home foreclosure is the legal process that allows a lender to take possession of a property if the borrower fails to pay their mortgage. The home[…]
Should I Pay Off My Mortgage Early?
Are you wondering, should I pay off my mortgage early? Depending on the loan you choose, it can take decades to pay off a home mortgage debt. But if[…]