- Videos
- March 13, 2025
Can You Afford a Mortgage Payment?
It’s important to make sure you can afford a home, before purchasing one.
Clare Trapasso is the editorial director at New American Funding. She was previously the Executive News Editor for Realtor.com and a reporter for a Financial Times publication, the New York Daily News, and the Associated Press. She also taught journalism courses at several New York City colleges. She loves dogs, hiking and kayaking, and New York pizza.
It’s important to make sure you can afford a home, before purchasing one.
Homeowners facing large expenses or saddled with debt may want to consider a cash-out refinance.
The spring housing market is kicking off with lower mortgage rates, much to the delight of homebuyers.
If you plan to put in an offer on a home, there are certain things you should do, and other things that you shouldn’t.
Many older homeowners may not realize they may be able to purchase a new home using a reverse mortgage.
Closing costs are generally 2% to 6% of your mortgage amount. This covers things like the home appraisal, legal fees, lender fees, homeowner association assessments, taxes, and the costs of pulling credit reports.
If you’re hoping to buy an expensive home, you may want to consider using a jumbo mortgage.
Facing high housing and living costs, many unmarried couples are pooling their savings and buying homes together before tying the knot.
Stubbornly high mortgage interest rates ticked down to their lowest levels of the year—just in time for the Spring homebuying season.
Many buyers may believe they can’t afford to purchase a new home, not realizing they may be passing up potential savings.