Multi-family, 2 to 4 unit homes are affordable and surprisingly easy to buy.
If you're thinking about buying a home, you should know you have choices regarding a down payment. The popular belief is that homebuyers need 20% of the property's purchase price...
Debt-to-income (DTI) is a measure that compares the amount of debt you have to the amount of income you receive. Lenders use this ratio to determine how much you can afford to pay..
Sellers can pay the buyer's closing costs. It's called a seller or closing costs credit when the sellers of a property agree to credit a sum of money to the buyer at closing time...
Loan-to-value (LTV) ratio is a measure that compares the amount of the mortgage loan to the value of the property. Lenders use it to determine the risk of lending you money for a..
In this article, I'll explain the mortgage contingency, show you where to find it in a real estate contract, and tell you why you need to know about it when buying a house. First,..
Like stock prices, mortgage interest rates constantly change. By locking in, you freeze the lender's rate and origination charges. As a result, you know how much your loan will..
When you buy a new home, who lives there will help determine how much your mortgage will cost.
If you work for a staffing agency, you might need help buying a house. Most banks won't use your staffing agency income to approve your mortgage. And, unfortunately, without a..
As a homeowner, you know that owning property is a stellar way to build wealth over time. But if you’re interested in expanding your homeownership with a rental property, we’ve..
As a co-signer on a mortgage, you've committed to another person's financial obligation to the loan. You probably co-signed to help out a friend or family member who couldn't..