How Do You Sell a House and Buy One at the Same Time? If you thought that buying your first home felt like a whirlwind, wait until you decide to purchase your second home. You may find yourself longing for the simpler process of going from a renter to a homeowner. What makes moving from your current home ... More
How Does Someone Buy a Second Home? For a lot of people, owning a second home means owning a vacation home. Unless you've won the lottery, you’ll likely need a second mortgage to purchase one, and that can be expensive. Cost is why a vacation home remains an unattainable daydream for most. Just about everyone can picture ... More
Do Second-Time Homebuyers Need a Down Payment? The quick answer is yes, it is almost certain that you will need a down payment. How much do you have to put down on a second home? That answer will depend on how much you can afford and how much is required by the loan program you use to purchase ... More
How Can I Improve My Personal Financial Position? It can be difficult to purchase or refinance a home with a bad credit score. This leads people to ask, is there anything I can do to quickly fix my score? Many people with bad credit think there is no foreseeable ... More
How Can I Get Approved for a Loan With Bad Credit? When interest rates are low, it’s a great time to apply for a home loan. But for many borrowers, there’s an “if” involved in that statement. When interest rates are low, it’s a great time to buy a home IF you have a good ... More
How Much Can I Borrow With a 700 Credit Score? A high credit score is your golden ticket to a low-interest rate home loan. So if you are among the nearly 58% of Americans with a FICO credit score above 700, your borrowing power is strong. ... More
Is It a Good Idea to Buy a Fixer-Upper? While first-time homebuyer loans, grants and other programs can save you a lot, the first place to look for first-time homebuying savings is at a home’s selling price. Buying a home is expensive, therefore anything a first-time homebuyer can do to reduce the cost, like purchasing a lower-cost ... More
What Are the Requirements for a First-Time Homebuyer Loan? Are you curious if you qualify as a first-time homebuyer? Good. Let's begin with this: you don’t need to be purchasing your first home to be a first-time homebuyer. Confused? Don’t be, and don’t allow a misleading name to keep you away from powerful programs that ... More
What First-Time Homebuyers Need to Know and How to Avoid Mistakes Buying your first home can be an amazing experience as long as you know the first-time homebuyer mistakes to avoid. Being a smart first-time homebuyer takes a little learning, a little effort and a lot of self-control at certain points. When you follow these eight first-time homebuyer ... More
How Can I Get Money for a Down Payment on a House? When deciding to buy your first home, there are two important factors you need to address right off the bat. One, can I afford the monthly payment? Two, how much do I need to put down on a home? For most first-time homebuyers, the tougher of ... More
