Young families are now living their dreams thanks to a range of home loans designed especially for them. Gone are the days when bad credit or lack of funds meant you cant obtain a home loan to purchase the home of your dreams. While these factors may have been insurmountable factors in the past, they are no longer legitimate obstacles for the first time home buyer who is seeking a home loan.
Read MoreHow Do I Invest For My First Home?
Buying your first home may be too overwhelming. There are a lot of facts to know about and things to consider before finally making a decision. And its not just any simple decision to make. Its one that will affect your life entirely as your home will be your shelter for the rest of your life, or at least most of it.
Read MoreBasic Home Loan Terms Explained
The wonderful world of home buying can sometimes overwhelm the first time home buyer. They are inundated with information riddled with terms of art. ARMS, points, interest rates, good faith estimates, pay-downs, lock-in dates, so on and so forth. Though some or all of these terms may seem somewhat foreign to you, do not get overwhelmed, there are simple explanations for each and every one of them.
Read MoreOptions For A Home Loan
Listening to all the commercials on television and radio makes it appear that there is a home loan for anybody that wants one. For the most part, there is a home loan option for almost anybody.
Read MoreThe Benefits Of A Fixed Rate Remortgage
There are many types of mortgages. One type that potential home owners will hear a lot about is a fixed rate mortgage. When looking for a mortgage it helps to understand the differences in each mortgage and what certain terms, like fixed rate, mean. This can help a home buyer choose the mortgage best suited for them. It can help them to make an informed decision. As the home buyer will find out fixed rate mortgages have some benefits over other mortgages.
Read MoreNo Down Payment Mortgage Loan – Ways To Buy A Home With Zero Down
If you want to buy a new home, but have little money in the bank, there are ways to get approved for a home with no money down. New homebuyers have a multitude of mortgage options available to them. These options make buying a home with little out-of-pocket expense more attainable.
Read MoreFirst Time Home Buyer Loans Home Buying Advice For First Timers
Purchasing your first home is an exciting and scary time. For the most part, new homebuyers are unfamiliar with the home buying process. Before accepting a mortgage loan, it is important to educate yourself on various loan programs. Furthermore, first time home buyers should be aware of factors that improve and decrease their chances of getting a good loan package.
Read MoreHow Do I Invest For My First Home?
Buying your first home may be too overwhelming. There are a lot of facts to know about and things to consider before finally making a decision. And its not just any simple decision to make. Its one that will affect your life entirely as your home will be your shelter for the rest of your life, or at least most of it.
Read MoreWhat Is An Fha Mortgage Loan?
The Federal Housing Administration (FHA) is operated by the Department of Housing and Urban Development (HUD). The FHA has the responsibility of administering the government insured home loan programs. Like a VA loan, the FHA does not actually lend the money for the home to the borrower but instead insures the loan so that more lenders will be willing to take on the risks of granting the loan to a first time home buyer.
Read MoreCalifornia Home Mortgage Companies How Much House Can You Afford?
Because of rising home prices, many homebuyers are forcibly purchasing homes they cannot afford. While many are able to handle the mortgage payments, they are unable to keep up with utilities and other household expenses. There are ways that you can avoid being house broke. Before applying for a home loan, it is wise to consult a mortgage professional and determine how much you can realistically afford to spend on a new home.
Read MoreRefinance & Mortgage Tips: Down Payment With Gift Letter
If you are a first time home buyer who has been out shopping for that dream house, youve probably already heard your real estate agent or property developers first question: How much will you be putting down? If you have excellent credit, several years of consistent income on record and a relatively long history of using credit wisely, you may qualify for 100% financing, often referred to as a No Money Down Mortgage or Zero Down Home Loan. But for the majority of new …
Read MoreTips for Locking In the Lowest Mortgage Rate
Whether you are a first time home buyer, or you have been purchasing real estate for years, one of your main goals other than finding the perfect piece of property is to make sure that your mortgage rate is as low as possible. Anyone who has had to navigate the tricky waters of the mortgage markets knows that rates can vary day by day and knowing when to lock in the rate can save you thousands over the life of the loan.
Read MoreFirst Time Home Buyer? Mortgage Programs Designed Just For You!
So you are thinking of buying your first home? Congratulations! You are taking a big step that will help you realize the dream of many as well as build personal wealth. As a first time home buyer you should know that there are several programs available out there to help you get you into the house you deserve at mortgage terms that you can afford. Before you begin your search for your first home be sure you understand these programs and work with your mortgage lender to take advantage of them!
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