So, you’re ready to take the plunge and buy a home? You will definitely need to sort through your options for financing the purchase. To get started, let’s compare two popular options: FHA loans and conventional loans. Scroll down to explore the difference between FHA and conventional loans.
For many Americans, a home is the most expensive purchase that they’ll ever make, so it makes sense to proceed with care. Taking a little time to review tips for buying your first home can help you avoid common missteps that often trip up other aspiring homebuyers and help you find more joy in your
Why would you want to know how to qualify for a USDA loan? This home loan program from the U.S. Department of Agriculture (USDA) Rural Development offers loans with no down payment requirement, low interest rates, and flexible credit standards to qualifying borrowers who are purchasing a qualifying property. In fact, these loans are often
When you’re buying a home, mortgage rates matter immensely. After all, securing a home loan with a lower interest rate can save you thousands of dollars over your loan’s lifetime. If you’re preparing to buy a home, you’ll definitely want to give some thought to the movement of mortgage rates, how mortgage rate locks work,
Some industries use a lot of exotic-sounding words and technical jargon. The real estate world takes a different approach. When you buy a home, you’ll encounter terms that seem familiar and fairly simple only to discover that they have industry-specific meanings. Title insurance is a perfect example. The average person knows what the individual words