If you can’t come up with a large down payment for a home, you may consider an FHA loan. Because you can qualify for a loan with just 3.5% down, it may be easier to buy the home of your dreams. The FHA makes it easier for first-time homebuyers as well as repeat buyers to buy a home.Looking for Read more
How Much Should a First-Time Homebuyer Put Down?
If the thought of saving 20% of your purchase price for a home has you panicking, don’t worry. You don’t necessarily need a 20% down payment, especially as a first-time homebuyer. You may have access to several programs that allow as little as 3.5% down on a home.Looking for Current Mortgage Read more
How Much can you Withdraw From Your 401k for a Home Purchase
If you want to buy a house, you will need a down payment. If a lack of savings is the only thing holding you back, you may be able to tap into your 401K to get the funds you need.Compare Offers from Several Mortgage Lenders.Before you go and take out the funds you’ve saved up for your golden Read more
Is Earnest Money Deposit Refundable?
A large earnest money deposit can help you win the bid on a home, but what if you can’t get it back? Is it worth risking a large amount of money?Compare Offers from Several Mortgage Lenders.Luckily, there are situations where earnest money is refundable. Keep reading to see what situations Read more
How Much Money do You Need to Buy a House?
You have your down payment saved, so you think you are ready to buy a house. Before you start, you should know some things. You need more than just the money for the down payment to buy a house. Many fees go into the purchase, which is important for you to understand so that you can make the most of Read more
