- Homebuyers
- April 14, 2023
How to Buy Your First Home Without a Down Payment
Advice for first-time homebuyers on how to purchase their home with a low, or no, down payment.
Mortgage Basics
Mortgage Basics Articles
- Homebuyers
- March 3, 2023
Can You Take an IRA Withdrawal to Pay for a Home?
Using your IRA to purchase a residence is possible and easy if you understand how it can affect you in the short term and long term.
- Homebuyers
- February 24, 2023
Understanding FHA Mortgage Insurance Requirements
Whether you're interested in an FHA loan or not, the words 'FHA mortgage insurance requirements' may seem like a bit of a mystery. There are likely some 'hows and whys' you may want to know more about.
- Homebuyers
- April 29, 2022
As a First-Time Homebuyer - Can I Use My 401(k) for a Down Payment?
If you are a first-time homebuyer and considering using your 401k as a down payment on a home, there are some things to consider. Get the answers you're looking for here.
- Homebuyers
- February 24, 2022
Credit Tips: Why Does Your Credit Score Matter for Mortgage Rates?
When lenders determine your interest rate, they look at your credit score to gain insight into your financial past. The higher your credit score, the more likely it is that you will receive a lower interest rate.
- Homebuyers
- February 17, 2022
Condo vs. Apartment: Which Is Better for You?
Are you conflicted between buying a condo or renting an apartment? Choosing one over the other presents a very different type of lifestyle, and it may be difficult to even know what the difference is between a condo and an apartment.
- Homebuyers
- February 3, 2022
Tips for Improving Your Credit Score
Are you considering applying for a mortgage at some point soon? If you are, it is probably a good time to review your credit information and perhaps take steps toward improving your credit score.
- Homebuyers
- January 13, 2022
How to Read a Loan Estimate
The mortgage process can be confusing and overwhelming sometimes. We get it. Luckily, there are plenty of resources and tools available to make the process easier and less stressful for everyone who did not attend the University of Mortgage. Find out how to read a loan estimate.
- Homebuyers
- January 6, 2022
How a New Job Affects Getting a Mortgage
Outside of buying a house, there aren't too many things that cause more stress and excitement at the same time besides getting a new job. But what happens if you’re doing both at the same time?
- Homebuyers
- December 23, 2021
DTI and What it Means
Your DTI ratio is determined by adding all your monthly debt payments together and dividing that by your monthly income before taxes.