Am I eligible for an FHA Loan? A complete checklist The Federal Housing Administration (FHA) loan program is a popular option for first-time homebuyers, those with lower credit scores and those with less down payment savings. Before applying, it’s crucial to assess whether you meet the eligibility requirements. This guide provides a comprehensive FHA loan [..]

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What are draw and repayment periods for HELOCs* and HELOANs? Nearly 30% of homeowners are considering tapping into their home equity, a notable increase compared to a few years ago. If you’re among the three in 10 Americans hoping to access cash through a home equity line of credit (HELOC) or a home equity loan [..]

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What credit score do you need for an FHA loan? If you're thinking about buying a home but you’re worried about credit score requirements, an FHA loan might be the right solution for you. Backed by the Federal Housing Administration, FHA loans are designed to help more Americans achieve homeownership thanks to their flexible requirements. [..]

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When should I use my home equity? Your home has probably done a lot for you over the years. It’s where you’ve made memories, celebrated milestones, and planted roots. But as values rise, many homeowners are discovering it can give something more practical back: equity you can use to pay down debt, cover major expenses, [..]

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Is a 2-1 buydown worth it? Pros and cons explained A 2-1 buydown, also known as a 2-year temporary buydown, provides breathing room for aspiring homeowners to get started on building equity. Learn how it works and dive into the pros and cons to find out if it’s the right move for your home financing [..]

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What makes a buyer's market? If you’re looking to buy a home, you may be wondering when to jump in. Depending on where in the country you’re shopping, a buyer’s market could be a great time to make your move, regardless of interest rates. A buyer’s market is defined by a surplus in inventory compared [..]

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What are Conforming and non-Conforming loans? When you’re shopping for a home, you’ll quickly discover just how many different mortgage loan options are out there, and they generally fall into a few main categories: government, Conforming and non-Conforming. As non-government loans, Conforming loans may offer lower interest rates and set borrowing limits, while non-Conforming loans [..]

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What are mortgage discount points? A guide to saving on your rate If you're looking to buy a home right now, you probably know that even a small change in your mortgage rate can make a big difference. That’s where tools like discount points come in. As one-time optional fees on your loan, [..]

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How do I buy an investment property? Whether you’re looking to generate passive income or diversify your investment portfolio, an investment home can be a lucrative purchase, albeit one with the higher barrier to entry compared to other investments, including primary homes. That’s because mortgages on investment properties have stricter requirements. Even though investment properties [..]

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