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 31 - 40 of 62 results
-
Power Tips
How Your Credit Score Affects Your Mortgage Rate Offers
Your credit score affects the mortgage rates you’ll be eligible for as you’re shopping for a home. Those three digits can have a big impact on the […] -
Mortgage 101
How to Write a Gift Letter for a Mortgage
If someone gives you money to go toward the down payment on your house, the lender typically asks you to provide a mortgage gift letter and […] -
Mortgage 101
How to Avoid a Mortgage Loan Being Denied in Underwriting
Waiting for your mortgage to be approved can be a tense time when you’re hoping to buy a home. Unfortunately, some mortgage loans are denied during […] -
Mortgage 101
Comparing Fixed-Rate vs. Adjustable-Rate Mortgages
Think the trusty fixed-rate mortgage is your only option as a homebuyer? Far from it. When you get a mortgage, you can choose between a fixed-rate […] -
Mortgage 101
What Is a Loan Contingency?
Adding a loan contingency to a home purchase offer can help ensure that you’re protected and have a way out of the contract, if needed. Buying a […] -
Power Tips
4 Millennial Homebuying Trends to Watch in 2022
Millennials — people born between 1981 and 1996 — are among the largest group of homebuyers today, making up 37% of the overall share in 2021, […] -
Mortgage 101
Loan-to-Value Ratio: What Is LTV on a Mortgage?
Whether you’re taking out a new mortgage loan or refinancing an existing loan, your home’s loan-to-value, or LTV, ratio will come into play. But […] -
Mortgage 101
What Is a Mortgage Preapproval and How Does It Work?
A mortgage preapproval is an essential part of the homebuying process. Getting a mortgage preapproval involves submitting a mortgage application […] -
Mortgage 101
What Is Debt-to-Income Ratio?
Your debt-to-income (DTI) ratio represents how much of your income goes toward debt repayment. During the mortgage approval process, lenders look at […] -
Power Tips
How Buying a House After Bankruptcy Works
Buying a house after bankruptcy is possible if you’ve filed a Chapter 7 or Chapter 13 bankruptcy. However, lenders may impose a waiting period after […]
