More than 75 percent of adults in the U.S. already shop online, and the popularity of online shopping is expected to grow in the years to come. In fact, experts predict that there will be more than 300 million Americans shopping online by 2023. With numbers like that, it’s no surprise than many aspiring homeowners …
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Buying a House When You’re Self-Employed
A growing number of Americans are making the choice to be their own boss. In fact, Everlance reports that some 27 million Americans are expected to make the switch to self-employment between 2017 and 2020, raising the number of self-employed workers to 42 million. That means nearly one-third of the American workforce will be self-employed. …
The Difference Between FHA and Conventional Loans
What is the difference between FHA and conventional loans? In fact, there are several disparities that make FHA loans and conventional loans unique from one another. Taking the time to discover these differences and how they impact borrowers can help you choose the best home loan for your specific needs.
What Is a Jumbo Loan?
When it comes to french fries, ice cream, popcorn, or any other treat that delights your taste buds, it’s an easy decision: A jumbo order is the perfect fit. With home loans, it’s a little trickier. What is a jumbo loan? Could securing one be the key to you achieving your dreams of homeownership?
Homes Eligible for USDA Loans
Everyone loves to be in on a secret. So if you’re interested in buying a home, you’ll probably be curious to know why The Mortgage Reports dubs USDA loans one of the best-kept secrets in the mortgage world. It’s simple: The guaranteed loans backed by the U.S. Department of Agriculture Rural Development (USDA) come with …
How to Prepare to Buy a House
Sometimes it’s best to just plunge into a new adventure and enjoy the excitement of learning as you go. Other times, a little preparation before you set out makes achieving your goals effectively much easier. Purchasing a home definitely falls in the latter category. With so many things to think about and the need to …
How to Use a VA Home Renovation Loan
To protect consumers using VA loans and ensure that the homes they’re buying truly are safe, sound, and sanitary, the U.S. Department of Veterans Affairs (VA) insists that all properties purchased with this type of funding must meet its Minimum Property Requirements. That doesn’t mean that you can’t buy a fixer-upper. However, if your heart …
How Much Will Refinancing Save Me?
If you’re a homeowner, you probably receive periodic e-mails or mailers touting the benefits of refinancing. Even if your mortgage payment fits comfortably in your budget, these communications may leave you asking an important question: How much will refinancing save me? The answer to that query depends on your circumstances and the choices that you …
Who Pays Closing Costs?
If you’re interested in buying a home, you’ve no doubt heard a lot about mortgages and down payments. Closing costs may get less attention, but they’re another factor that homebuyers need to be aware of and have a plan for. Understanding what closing costs are is fairly easy, but determining who pays closing costs can …
What Affects Your Credit Score?
If you’re in the market for a loan, you must be prepared for your finances to come under scrutiny. After all, your lender wants to feel confident that you’ll be able to repay the loan. Whether you’re seeking a new credit card, a car loan, a mortgage, or some other line of credit, the prospective …
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