Jul 17, 2023 | Consumer News and Advice, Home Buying 101, Real Estate, Real Estate Finance
By Cathie Ericson Jul 16, 2023 (Getty Images) Conventional wisdom says you need a 20% down payment to buy a house, but let’s face it: That sum can be daunting, particularly for first-time homebuyers who don’t have a pile of cash from a property they...
Jul 13, 2023 | Consumer News and Advice, Real Estate, Real Estate Finance
By Angela Colley Jul 12, 2023 (Getty Images) When you buy a home, you hope it will appreciate in value while you pay off your mortgage, but it doesn’t always work out that way. Sometimes the market fluctuates, home values depreciate, and homeowners find...
Jul 12, 2023 | Consumer News and Advice, Home Buying 101, Real Estate
By Tara Mastroeni Jul 11, 2023 (Getty Images) An FHA-approved condo is a property that can be purchased using FHA loans—or loans that are insured by the Federal Housing Administration. These FHA loans are for first-time homebuyers (or someone who...
Jul 6, 2023 | Consumer News and Advice, Home Buying 101, Real Estate, Real Estate Finance
By Daniel Bortz Jul 5, 2023 (Getty Images) FHA versus conventional loan: If you need a mortgage to buy a house, you may find yourself weighing these two options. What’s the difference, and which one is right for you? While the majority of...
Jun 30, 2023 | Consumer News and Advice, Real Estate, Real Estate Finance
By Daniel Bortz Jun 27, 2023 (Getty Images) “What happens if I skip a mortgage payment?” is one of those questions we hope you never have to ask, but life is unpredictable. Sometimes no matter how carefully you plan, you may find yourself short on the funds you...
Jun 29, 2023 | Real Estate, Real Estate Finance
By Cathie Ericson Jun 21, 2023 (Getty Images) True to its name, an assumable mortgage a type of home loan where the buyer takes over the seller’s mortgage, rather than applying for a new loan. Assumable mortgages offer an array of advantages over traditional...
Jun 27, 2023 | Consumer News and Advice, Home Buying 101, Real Estate, Real Estate News
By Kimberly Dawn Neumann Jun 19, 2023 (Getty Images) While buying most things in life is a fairly simple process of adding to cart and ponying up a credit card, buying a home is understandably a bit more involved. And if the home you’re hoping to buy is...
Jun 26, 2023 | Consumer News and Advice, Real Estate
By Angela Colley Jun 21, 2023 (Photo-Illustration by Realtor.com; Source: Getty Images) If you’re wondering what credit score is needed to buy a house, it’s important to remember that the minimum score varies from lender to lender. If you have a...
Jun 21, 2023 | Consumer News and Advice, Real Estate, Real Estate News
By Sally Jones Jun 15, 2023 (Justin Sullivan/Getty Images) If you’re a would-be seller, it might be thrilling to get an offer before your listing even goes online. Or better yet, you get an all-cash offer the very day it goes on the market....
Jun 20, 2023 | Consumer News and Advice, Home Buying 101, NAR, Real Estate, Real Estate Finance
By Lisa Johnson Mandell Jun 14, 2023 (Getty Images) “Down payment”: Ask most people what is an acceptable down payment on a house, and nine times out 10, they’ll tell you it’s 20% of a home’s selling price. So you do the math, and realize you’d have to put down...