Search results for “Closing Costs”
The Top 6 Questions Homebuyers Have About Closing
What is closing on a home? The closing is a scheduled meeting and your final opportunity to review the transaction and make any changes. When the deal is finalized, you’ll leave the closing table as t...
Get Help with Your Down Payment and Closing Costs on Your First Home
With ever-increasing apartment rental rates and student loan payments to manage, 5 in 10 millennials consider coming up with a down payment a major barrier to owning a home. And that’s before closing ...
5 Questions to Ask Before You Refinance This Year
A home loan refinance is about striking at the right time, particularly when it comes to interest rates, home equity, and your financial and living situation. Refinancing without carefully considering...
Freddie Mac BorrowSmart® Program: What to Know
So, What is BorrowSmart? This program is designed for low- to moderate-income borrowers and offers up to $1,500 in down payment and/or closing cost assistance, based on eligibility criteria. The best ...
How to Plan for Unexpected Expenses When Buying a Home
But no matter how much you plan for these massive price tags, it might be the little surprise expenses that hurt the most. They tend to catch many homebuyers off-guard and can add up to a significant ...
Service Requirements for a VA Loan To find an in-depth explanation of the eligibility requirements for VA home loan programs, check out the U.S. Department of Veterans Affairs. You can find an abbrevi...
What is the Average Down Payment for a House?
Tip #1 Reduce Debt While you save some money for a down payment, you will also need to simultaneously maintain a good credit score. This is very important because it helps your chances of being appr...
FHA Refinance Guidelines in 2022
The FHA also offers great refinancing options, whether you’re an existing FHA borrower or not. If you’re thinking about a refi, an FHA refinance might be right for you. Check out these FHA refinance o...
How Much Money Do You Really Need to Save to Buy a House?
Ongoing expenses Costs that persist over time once you become a homeowner Property taxes Property taxes vary by state and county and are usually included in your monthly mortgage payment. Property tax...