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
Tag: first-time-home-buyer
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 money can be challenging when it[…]
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[…]
What Is a Lender Credit and How Does It Work?
Homebuyers shopping for a mortgage frequently ask what is a lender credit. When you take a lender credit, the mortgage company agrees to pay some or[…]
10 Tips on Buying a Home for the First Time
Buying a home for the first time could be a smart money move. After all, there are many benefits to homeownership, including the potential to build[…]
What Is Escrow and How Does It Work?
When you make an offer on a home or take out a mortgage, you might need an escrow account to set aside money for certain payments and ongoing costs.[…]
What Is Hazard Insurance and What Does It Cover?
Hazard insurance protects a homeowner against damage to their dwelling or building caused by certain disasters, severe weather, or crime. Covered[…]
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[…]