One of the biggest questions you want to be answered when considering buying a home is how much money you'll need to put down. By putting a larger down payment, it can reduce your monthly mortgage payment and protect you from any additional costs, but what happens if you ...

Buying a home is probably one of the biggest purchases you'll ever make and signing all of those loan documents can be scary but it's important to understand some mortgage truths as there is a lot of information out there and it might not be accurate. Even things ...

This is a pretty common question, the difference between an earnest money deposit in your down payment.

Earnest Money

An earnest money deposit is offered by at a potential buyer as a symbol of good faith when entering into a contract to purchase. This earnest money is a security for ...

 Homeowners insurance is something that all homeowners need to have if they carry a home loan, which the majority of us do. This insurance package covers damage to the property and liability or legal responsibility for any injuries or property damage to the family of the homeowner or other people ...

Wow! It seems like the weather has turned overnight and we are full on into fall weather even though the calendar still toys us with thinking that it is summer. But it is clearly headed towards fall and some cooler temperatures so because of that, I want to talk about ...

Becoming a homeowner, especially for the first time, is one of the most exciting ventures you can have. This is the largest purchase you'll ever make and once you're in a home of your own, it will feel satisfying and secure, but that doesn't mean that you ...

Move your money.

Are you getting the best rates for your credit cards? Are you spending too much on utilities and luxury items? Can you move money around to save on balance transfer fees and interest rates? Trust me, every little penny really adds up. Opening different checking accounts could ...

Research alternative mortgages.

A typical conventional or FHA loan through a bank is not the only way to buy a house. USDA loans for homes located in certain areas may require no down payment at all. There are eligibility and income requirements such as the home needs to be in a rural ...

Buying a home is a big deal, and coming up with that down payment is not as easy as it sounds. Strike that, it doesn't sound easy at all. Coming up with $10,000 for a down payment is nothing to sneeze at. In today's market, having a ...

Aren't you glad you don't have to pay what your parents probably had to pay an interest rate on a mortgage? Consider this, the monthly payment for a $300,000 house with a 4% interest is about $1500 per month. We've experienced these low-interest rates for several ...