Deciding to buy your first home is an exhilarating journey, but it can also be a bit daunting, especially when it comes to financial decisions. One question that often comes up for first-time homebuyers is whether they should refinance their car loan before diving into the homebuying process. This article will walk you through the factors to consider, including credit scores, debt-to-income (DTI) ratios, and monthly payments, so you can make an informed decision that suits your financial situation.

Becoming a homeowner is a monumental decision, one that can bring immense joy but also significant responsibilities. For many Americans, homeownership represents stability, a long-term investment, and the chance to create a personal sanctuary. But how do you know if you’re ready to take the plunge? In this article, we’ll explore essential factors to consider, the concept of time to value, the advantages of leveraging a mortgage, and the intricacies of mortgage payments—especially how they change based on your down payment.

Buying your first home is an exciting milestone, but it can also be overwhelming. Many first-time homebuyers in South Dakota may not realize the variety of programs and financial assistance available to make the process smoother. This guide will help you navigate the landscape of grants, down payment assistance programs, and first-time homebuyer programs available in the state.

Buying your first home is an exhilarating journey, but it comes with a myriad of decisions, one of the most significant being the down payment. This article will guide you through the ins and outs of down payments, exploring different options, factors to consider, and actionable tips to help you navigate this critical aspect of homeownership.

Buying your first home is an exciting milestone, but navigating the real estate market can feel overwhelming, especially if you’re considering purchasing a house for sale by owner (FSBO). Unlike traditional listings, FSBO homes are sold directly by the owner, often making the process more personal and sometimes more affordable. In this guide, we’ll break down everything you need to know about buying a house FSBO, with practical tips tailored for first-time homebuyers.

When you take out a mortgage, you enter into a long-term commitment with your lender. But what happens when you’ve paid off your loan? This is where a mortgage discharge comes into play. In this comprehensive article, we'll explore what a mortgage discharge is, why it’s important, and the steps involved in the process.

Buying a home in foreclosure represents an exciting opportunity to buy a home, offering a potentially lower purchase price compared to traditional real estate transactions. However, it also comes with its own set of unique risks and challenges. In this article , we’ll explore everything you need to know before making a purchase, ensuring you make an informed decision, including which types of mortgages you can use to buy a home on foreclosure.

Watch a recording of our Mortgage 101 Webinar!

If you're considering investing in real estate, you might be wondering, "Can I buy a duplex with an FHA loan?" The Federal Housing Administration (FHA) loan program is an attractive option for many first-time homebuyers and investors alike. In this article, we'll explore the ins and outs of purchasing a duplex using an FHA loan, the eligibility criteria, benefits, and the step-by-step process to help you make an informed decision.

Buying a home is a big deal, and for many first-time buyers, the idea of purchasing a house sight unseen can feel daunting. However, in a post-pandemic era and with competition starting to react to falling interest rates, this approach is becoming more and more popular. It offers the chance to secure a home in a competitive market, but it also comes with its own set of challenges. Let’s explore what you should consider if you’re thinking about making a sight-unseen purchase.