Having your offer on a house accepted is certainly something to celebrate, but it’s not time to pop the champagne just yet. When you see the term “sale agreed,” it means the seller has accepted the bu
Adjustable-rate mortgages (ARMs) may not have the best reputation, but there are many pros and cons to choosing this home financing option. An ARM is a mortgage with an interest rate that changes at s
Thinking about financing a second home or investment property? The Fannie Mae investment property and second home guidelines can be tricky to understand. Each type of loan varies in terms of minimum d
Everyone could use a bit of help now and again, and first-time homebuyers are no exception. The Department of Housing and Urban Development (HUD)—which oversees government programs that help Americans
If you have your sights set on a property with a price tag of half a million or more, you may need to take out a jumbo mortgage loan to finance the purchase. A jumbo loan is a loan that exceeds the li
There’s nothing quite like that new home smell, but just like with any purchase, buying a new home has its pros and cons. New construction homes are built from scratch. They are either custom-made to
Sacrificing for your country shouldn’t leave you at a disadvantage when it comes to buying a home. The VA home loan program was created in 1944 to level the playing field for service members and veter
During difficult times, you may find that borrowing money is unavoidable. But did you know that some methods of borrowing are better than others?
When buying your first home, there are no wrong questions—only questions you wish you had asked. At least 8.3 million first-time homebuyers are projected to enter the mortgage market through 2022, acc
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