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.
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.
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.
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?
Your DTI ratio is determined by adding all your monthly debt payments together and dividing that by your monthly income before taxes.
This is it. You're ready to make the move into homeownership and apply for a mortgage. From all the online searching you've done, you know you need to get 'pre-something-ed' to prove you are a serious buyer. However, which is it: pre-qualified or pre-approved? Both sound good, but they serve different purposes.
For most people, buying a home is their most important purchase decision, if not their largest. So, when it comes to the question, 'When should I lock in my mortgage rate?' It's critical to make an informed decision.
For the last several months, some of the hottest housing markets in the country have been in Idaho. That trend looks set to continue for the next year.
Whether you've saved up for a down payment or are trying to gather allowable funds, it can be a challenge. However, there are ways to overcome this challenge without jeopardizing your financial future.
From the buyer and the seller to the Real Estate Agent and the Loan Officer, closing on a home has different implications for different individuals.