Are you getting ready to buy your own home after years of paying rent? You may need to increase your credit score. People with higher credit scores have an easier time being approved for a loan and getting the best interest rates. But if you do not have great credit, you may want to consider… Read More »
There are many reasons to buy your own home and stop renting. But there are many factors to consider before deciding to make the plunge into home ownership. It worth considering this question carefully; one of the reasons for the last financial downturn was too many people had mortgage they could not afford. When millions… Read More »
Most people wanting to buy a home with a mortgage usually have two major concerns: How much will the interest rate be, and can I afford the monthly payments? There are many good online mortgage calculators that can assist you in making these important financial calculations when you are deciding to buy a home. There… Read More »
Most home buyers in 2026 will choose between a conventional loan and an FHA-insured mortgage. If your credit sits in the mid-600s or higher, both are realistically available — conventional allows 3% down and FHA allows 3.5% — so the decision turns on factors beyond the down payment. Rate is the smallest of them. FHA… Read More »
It is not unusual for retirees wanting to move after they stop working and buy a home. They think that once they actually stop working they will be unable to get a mortgage. This is not always true. If you meet the home loan requirements, you can get a mortgage when you retire. There are… Read More »
How Much Is the First Time Home Buyer Tax Credit? As of March 2026, there is no active federal first-time home buyer tax credit, despite ongoing legislative proposals in Congress seeking to reinstate similar benefits. The original $8,000 first-time homebuyer credit expired in 2010, and while multiple bills have been introduced—including the First-Time Homebuyer Tax… Read More »
Do you want to learn what the loan requirements are to buy a home with a FHA mortgage in this year? The 2024 FHA loan requirements remain attractive to renters because the credit standards are not prejudice and the down-payment rules are very reasonable. Getting a FHA loan pre approval is the first step for… Read More »
Home buyers are always told they should do plenty of shopping for a home loan. In fact, the federal loan estimate closing document that was introduced last year that supplanted the Good Faith Estimate document of years past was created to encourage home buyers to shop for loans before the signed the dotted line and… Read More »
Perhaps by now you have heard about the Equifax security breach, but you don’t know exactly what happened. We want to make sure that you are informed about what the Equifax data breach entailed so that you are armed with plenty of information to protect yourself and your credit. As you surely know, it is… Read More »
All electric cars are the new hot thing. According to the Motley Fool, all electric vehicle sales will increase from 2.4 million to 6 million between 2015 and 2024. And that is just the start. By 2040, it is estimated that EV sales will be 35% of all vehicle sales, which is a huge increase… Read More »
