Balloon Mortgage: What It Is and How to Get One
A balloon mortgage is a medium-term real estate loan that allows borrowers to make low...
November 22, 2024 12 MIN
A balloon mortgage is a medium-term real estate loan that allows borrowers to make low...
Many homeowners assume that any money spent on improvements will translate into increased resale value. The reality is more complex.
First-time homebuyers have access to a variety of loan options, down payment assistance programs, and government-backed resources to make homeownership more affordable. From low-down-payment conventional loans to state, federal, and nonprofit programs, there are many ways to reduce upfront costs and find the right mortgage for your needs.
A typical first-time buyer house payment eats up 50% of the median income. But these aren't uncharted waters. It just feels terrible because the early 2020s were comparatively so cheap.
USDA loans require zero down payment, but closing costs are still required. Here's how much you might pay, and what the costs are for.
Mortgage points, also known as loan discount points, are fees you pay upfront to reduce...
Your principal and interest payment won't change when you have a fixed-rate mortgage. But a house payment might contain 6 other elements that CAN change.
I'm a Realtor with a decade of experience. I talk to buyers daily who are getting fed bad information. Let's debunk some myths, shall we?
With housing affordability more challenging than ever, first-time homebuyers are turning to house hacking to realize their homeownership goals and build long-term wealth Here’s how it works.
Affordable areas for first-time homebuyers are getting rarer by the day. 25 cities where homeownership is still within reach.
