You may have wanted to apply for a mortgage at some point but were put off by something negative someone said about this type of loan. Similarly, you may have been encouraged to apply for one based on some false information but met with a quick rejection. Some of the information that bred these misconceptions may not be false but has merely become outdated. Below are some of those misconceived ideas and the truth behind them: 1. You cannot get a loan with a bad credit score W
First-time homebuyers are sometimes caught off guard by overlooked expenses, which can create an uncomfortable financial pinch. Be sure you consider these one-time and ongoing expenses. 2. Home Maintenance
Experts recommend setting aside 1 to 3%* of the home’s purchase price for annual maintenance. For example, you may need to buy lawn care equipment or replace the roof, furnace, or water heater. 3. Taxes And Insurance
Property taxes and homeowners insurance aren’t always i
It’s hard to believe summer is drawing to a close! Soon the kids will be back to school (whew!) and your vacation will be just a memory (aww). But while we’ve still got a bit of summer left, be sure to enjoy it to the fullest with these great upcoming events! August 9 — National Book Lovers Day Are you always looking for an excuse to drop everything and curl up in a comfy chair with a good book? Then this day is for you! Bookworms across the country, get ready to stock up on
More than 60% of Americans own their homes, and while there are certain benefits to ownership, there’s also a downside: the cost.
You may have thought that coming up with a down payment was the greatest financial hurdle you’d face, but as you’ll soon come to learn, there are numerous expenses associated with owning a home. Here’s how to handle them. 1. Create a new budget
Given that your monthly mortgage payment is bound to differ from your previous rent payment, it might s