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
Using Seller Concessions to Your Advantage
Buying a home means more than coming up with a down payment and affording the mortgage payment each month. You also have to be able to afford the closing costs. With closing costs totaling between 5-7% of your loan amount, that’s no small chunk of change you must come up with to buy a home. Luckily, Read more
The Best Places to Park Your Down Payment Savings
Saving money for a down payment can seem like a tough job. Before you go hiding it under your mattress, you should think twice, though. You’ll want to save that money somewhere that your future lender can track it. They need to know its origination and from under your mattress isn’t an option. You Read more
Unconventional Strategies to Source Home Down Payment Funds
Do you not have 20% saved to put down on a home and no way of saving that much in the near future? You might think that you won’t ever be able to buy a home with your inability to save. There are ways, though; you just have to think outside of the box.Compare Offers from Several Mortgage Read more
When Can You Get Your Earnest Money Deposit Back?
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
