Mortgage Basics

homebuyers shaking hands with a real estate agent

Homebuyers
May 21, 2024

What Is a Bridge Loan?

The big perk of the bridge loan is that it enables a homeowner to purchase a new home before they have a chance to sell the one they currently own.

A split image with a condominium building on one side and a townhome on the other

Homebuyers
May 21, 2024

What is the Difference Between a Condo and a Townhouse?

Broadly speaking, condos are individual units within a larger complex. They are more like "ownable" apartments. Meanwhile, townhouses are considered independent structures.

An Asian family stands smiling together holding house keys in front of a home

Homebuyers
May 17, 2024

Contingent means that a seller has accepted an offer on the condition that specific contingencies are satisfied by closing day. Pending means that all provisions have been successfully met while a sale is being processed.

Homebuyers
May 10, 2024

Fees When Buying a Home: What to Expect

Buying a home is both a significant milestone and a deeply rewarding experience. However, it's essential to understand that purchasing a home involves various fees.

Homebuyers
May 9, 2024

Homeownership: A Pathway to Economic Stability

New American Funding is working to make the dream of homeownership a reality for more people. Everyone should have the opportunity to own a home, and we're committed to helping people overcome the barriers that may stand in their way.

graphic with a drawing of a house and a home for sale sign that says contingent underneath

Homebuyers
May 6, 2024

What Does Contingent Mean in Real Estate?

What does contingent mean in real estate in different circumstances? This guide covers what you need to know.

A man and a woman stand smiling with their arms around each other looking at a house

Homebuyers
April 29, 2024

Home Affordability: How to Overcome Financial Hurdles

Home affordability is on the minds of many first-time homebuyers today. What does it take to make a success story? It's important to assess your financial situation today to begin plotting your journey to owning your own home.

Homebuyers
April 24, 2024

What Is an Escrow Analysis?

An escrow analysis refund is a payment provided to a borrower from a mortgage servicer to give back excess funds in an account that were detected following a review.