Ready to buy a home but strapped for cash? You're certainly not the first one. Nor will you be the last. But the good news is there's a home loan option available that requires no down payment. In addition, it's quite possible you won't even have to pay your closing...
Category: Mortgages
3 Practical Ways to Build Home Equity
Looking for ways to build home equity? Who isn't? Equity, in case you don't know, is the difference between your home's market value and how much money you still owe your mortgage lender. The more home equity you have, the better your overall financial situation. This is particularly true if...
3 Things to Know About Mortgage eClosings
If you're ready to close on a home and you're into saving time and ink, help is on the way. Matter of fact, it's already here. Rather than signing as many as 50-100 pages of paperwork on closing day, you can now accomplish the same thing by simply pressing a...
Fannie Mae vs. Freddie Mac: How are They Different and How are They the Same?
Like peanut butter and jelly or salt and pepper, Fannie Mae and Freddie Mac are seldom not spoken of in the same sentence. Both created by the U.S. Congress, they provide liquidity, stability and affordability to the mortgage market. This means readily accessible funding to the thousands of banks, savings and...
Jumbo Loans: What You Need to Know
Ever gone out for a seafood dinner and the "baby" shrimp just didn't do? Ever ordered an extra-large pizza or glass of tea? We live in a world where bigger is usually considered better. While this may not always be true, it certainly is when it comes to the kind...
What is a VA Loan and Who is Eligible?
Through what are commonly known as VA loans, the U.S. Department of Veterans Affairs (VA) provides affordable home financing options for service members, veterans and their surviving spouses. But how does someone become eligible? And what are the benefits? Up next, we'll learn how to get this kind of loan...