Can I Afford The Down Payment For A House?
About 70% renters cite the down payment as the #1 obstacle to home ownership! Often, home buyers do not buy because they “can’t afford the down payment.” One reason for this is a lack of information. There is a persistent myth that the “normal down payment” to buy a home is 20%. That is incorrect. […]
How Much House Can I Afford?
4 Lessons That All Future Homeowners Need to Learn Before you start house hunting it’s essential you take a hard look at how much house you can actually afford. It’s easy to get swept up in the homebuying process and overlook all the financial details that affect what kind of loan you’ll qualify for, how […]
FHA Loan Guide
The prospect of buying a new home can be daunting, especially if you’ve had a less than stellar financial history or don’t have a lot in the bank. The good news is there are programs out there designed to help borrowers like you. The most popular and easiest to qualify for is an FHA loan. […]
What Is A Conventional Loan?
A conventional loan or mortgage is a home loan funded and backed by a private institution. The loan is not insured by the federal government and the borrower is required to meet certain criteria and provide insurance to guarantee the loan themselves. These are the most common type of home loan out there, and are […]
VA Home Loans – Your Questions Answered
If you’re a current or past service member or veteran, and have run into barriers trying to qualify for a conventional home loan, you may be eligible for special funding available only to those who have served in our armed forces. Read below to find out more. What is a VA Home Loan? A VA […]
Special Home Loans for Low-Income Earners in the Northeast
There are a variety of options and resources available for low-income earners or those struggling to secure a home and home loan. One of those programs is down payment assistance which varies from state to state in available offerings. Down Payment Assistance or DPA helps homebuyers secure grants or low-interest loans that reduce the amount […]
Biden Administration Housing Programs
As President Biden jumps into his first 100 days, all industry eyes are focused on his economic policy proposals. Politicians are known for over-promising and under-delivering on the campaign trail, but many are wondering in this unprecedented moment of need due if he’ll actually make good on the proposals he set forth. He now has […]
Money and Family
We’re back! Tackling your finances is a huge undertaking and can be a lot to untangle. What makes it simultaneously harder and easier is adding another person to the mix. Establishing, maintaining, and reworking finances along with a partner is an act of trust and compromise. Having someone by your side can add income and […]
Simple Steps to Homeownership in 2021
What does 2021 hold in store? Is homeownership on the table for you this year? The idea of entering the real estate market for the very first time can feel daunting. Where do you start? Is it even a feasible venture after the turmoil of 2020? Today, let’s talk about the simple steps you can […]
The goal of this blog is to give our readers real world advice and practical tips on how to improve their finances no matter what stage of life they’re at. We’ve already given you basic information to help you understand your personal relationship with money, as well as how that all changes when you add […]