Two important terms every potential homebuyer should learn are mortgage interest rates and annual percentage rate (APR). Both terms directly relate to how much money you'll pay each year, but there are some key differences that can really add up.
Given current market conditions, some people may think that homeownership is unobtainable. One solution that's growing in popularity is co-buying, where friends, family members, and investors purchase properties together.
The rise in remote work is changing the way many people are thinking about homeownership. For some, that can mean trading expensive cities and regions for more affordable communities where they can get a better deal on a home.
With mortgage rates hitting their lowest level in over a year, more buyers are expected to come off the sidelines. The additional competition could lead to one of homebuyers’ fears: a resurgence in bidding wars.
Multifamily housing has risen in popularity in recent years as people increasingly warmed to the idea of living around their families. Another benefit of multifamily housing? Help with the mortgage payment.
Understanding eligibility criteria for USDA financing is essential if you think this path might be your route to homeownership. Here's what you need to qualify for USDA financing.
Homes are still in short supply in today’s housing market—which means competition for homes can be fierce. So, what makes an offer stand out to home sellers?
Homebuyers facing elevated home prices and frustratingly high mortgage rates are looking for ways to make homeownership possible. That's leading many to discover mortgage rate buydowns.
The typical down payment for first-time buyers is just 8%, according to the National Association of Realtors. But making a higher down payment can lead to substantial savings both in the near term and down the road.
Less-than-perfect credit doesn't have to hold you back from qualifying for a mortgage—it's possible. Here's how.