Thinking about buying a new home? Finance of America Mortgage has you covered with these useful pieces of content to help you through your journey. Below you will find a number of pieces around different topics that may assist in your decision to purchase new property.
Showing 11 - 20 of 63 results
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Mortgage 101
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 […] -
Mortgage 101
What Is Earnest Money?
You’ve probably heard of a down payment when buying a home, but there’s another payment you have to provide when you make an offer on a […] -
FOA Tools
Fix-and-Flip Loans: What They Are and How They Work
A fix-and-flip loan is short-term funding that real estate investors use to buy a property that they fix up and resell for a profit. This is known as […] -
Power Tips
Rental Property Loans: How to Finance Your Investment Property
If you’re interested in purchasing a home to rent out, it’s essential to understand that rental property loans have different requirements […] -
Power Tips
Is It Better to Rent or Buy a Home? Tips on How to Decide
Is it better to rent or buy? This is a common question among consumers considering homeownership. To answer it, you’ll need to look at your current […] -
Power Tips
Should I Lock In My Mortgage Rate Today?
When you lock in your mortgage rate, you protect yourself if interest rates go up before you close on your new house. However, mortgage rates can move […] -
First Steps
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 […] -
Mortgage 101
8 Ways to Win Housing Bidding Wars
Homebuyers in today’s real estate market are likely to face bidding wars. With more buyers out there than homes, most property listings receive […] -
Mortgage 101
What Is a Jumbo Loan?
A jumbo loan is a mortgage for homes that exceed conventional conforming loan limits. For 2022, the conforming loan limit is $647,200 in most parts of […] -
Can I...?
401(k) Withdrawals for Home Purchase: Is It Worth Cashing Out?
If you’re looking for a way to fund a down payment, using 401(k) withdrawals for a home purchase is an option. Additionally, you could opt for a […]
