Mortgage

If you are trying to buy a home right now, you have probably noticed that every dollar counts. Between the purchase price, closing costs and monthly payments, the upfront costs of homeownership can feel steep. That is exactly why understanding seller credits is worth your time. A seller credit can put real money back in your pocket at the closing table. Here is what it is, how it works and how to use it to your advantage.

Getting the lowest mortgage rate available does not happen by accident. Lenders price every loan based on risk, and the less risk you represent, the lower the rate you qualify for. There are specific, proven steps you can take before and during the mortgage process that directly influence the rate you are offered. Here is exactly what to do.

Most homeowners know their monthly mortgage payment covers more than one thing. A portion goes toward interest, a portion reduces the loan balance and, depending on your loan, additional amounts may cover taxes and insurance. But here is a question many borrowers eventually ask: what if I want to put extra money directly toward the loan balance itself?

When interest rates fluctuate, many homebuyers explore creative ways to lower their monthly mortgage payments; and buying down your interest rate is one of the most effective options. This strategy involves paying upfront to secure a lower interest rate for the short term or even the life of your loan. Whether you're purchasing your first home or considering a new financial strategy, this guide will walk you through everything you need to know about mortgage buy downs; from the different types of buy downs available, to the costs, benefits, and scenarios of where this strategy makes the most sense.

What is an Appraisal? An appraisal evaluates the value of a property to determine its market value. Lenders typically require an appraisal when borrowers apply for a mortgage. The value determined by the appraisal is then used to determine the [...]

Clear to close is one of the most important milestones in the entire home buying process, but most buyers only hear the phrase once. This guide breaks down exactly what clear to close means, how you get there and what to expect in the days between that milestone and moving day.