How Do Mortgage Lenders Decide How Much You Can Borrow?
When you apply for a loan, your mortgage lender informs you of the maximum amount you can borrow, and this will help you get an idea of how much house you can afford. The question most buyers ask is how they reach this amount and what factors influence their decision?
Read on to understand the...
How Does a Home Improvement Loan Work?
Home renovations can be expensive, and saving up for extensive improvements could take years. Fortunately, you can fast-track your goals with a home improvement loan.
Home improvement loans allow you to use the equity in your home to fund your home renovation.
Which One Is Better? An FHA Or Conventional Loan?
Dreaming about your first home purchase but still be undecided on whether to choose an FHA loan or conventional loan? While both are popular choices for those looking for a low down payment, some differences may make one loan a better option than the other.
This article will give...
"How Much Money Do I Need to Buy My First Home?"
Buying a home is one of the most important decisions you can make. Plus, considering current low mortgage rates, homeownership has never been more appealing and affordable.
In this article, we’ll break down how much you need to purchase a new home before the year ends, plus...
Should I Buy a Move-In Ready Home or Fixer-Upper?
Owning a home is still a major part of the American dream. According to a recent survey done by The Harris Poll in 2020, a third of Americans who have never owned a home plan to do so in five years.
If you’re a first-time homebuyer, one of the questions you may have is whether to purchase a...