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What you need to know about credit
Many consumers are confused about credit. A 2016 survey from the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, found more than 80% of consumers know the basics of credit scores. But they’re still lost when it comes to some important details. To alleviate some of the confusion, here’s a few short answers to
Buying and Selling at the Same Time
You’re not going to close on a new home the exact same day you sell your old home if you’re in the process of buying and selling at the same time. You’ll have to rely on potential buyers and the current state of the market. There have been no offers on your current home, but
Mortgage Lengths Defined – Which is Best for You?
If you’re unprepared, buying a home can be a dangerous venture. If you aren’t well informed, not understanding your options could wind up costing you thousands, or tens of thousands, of added dollars. Aside from choosing the house itself, is the type of mortgage you’ll choose and the length of your loan. Fixed vs. Adjustable
Do you need to put 20% down on a new home?
Purchasing a home is not an impulse buy. The upfront cash required can take years to save when you consider appraisals and inspections and closing costs and down payment. However, homeowners can sign the papers and own a home with significantly less cash out the door, thanks to low-down-payment loans on the market. You have
Hazard Insurance and Insurance Riders
Trying to be prepared for every contingency is part of being a responsible homeowner. Dealing with the associated legal and medical problems out-of-pocket is nightmarish, so you’ll have peace of mind in paying for extra hazard insurance. Studies have proven the home is the number one place where accidents occur, and both homeowners insurance and
Pros and Cons of Extra Mortgage Payments
After a few years and perhaps discovering more financial flexibility, many homeowners begin to wonder if they should make extra mortgage payments. The thinking is that extra payments can save in interest and bring you closer to actually owning your home. While this is a good idea, there are also reasons why you might not