How to buy a home with little or no down payment Buying a home with no down payment may sound too good to be true, but it is possible, depending on the loan you qualify for and where you choose to live. Down payment requirements vary by mortgage program and can start as [...]
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Continue reading at the publisher's website.What funds can be used for a down payment? Buying a home is a huge milestone but saving for a down payment – that can feel like a major hurdle. The good news? There are several ways to make that down payment happen, whether through savings, family gifts, 401(k) withdrawals, or even second mortgages. [...]
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Continue reading at the publisher's website.How community lending programs open the door to homeownership Did you know 86% of renters say they cannot afford to buy a home? Often, traditional mortgage options might seem out of reach, but here’s some good news. Community lending programs offer a solution and provide accessible, affordable financing options for those who might not [...]
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Continue reading at the publisher's website.Common mortgage scams and how to avoid them The mortgage process is an exciting step toward achieving your future dreams, but as you navigate this experience, it's wise to be on the lookout for scammers and cheats who prey on unsuspecting borrowers. Wondering what some of the most common mortgage scams are? In this [...]
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Continue reading at the publisher's website.What is a co-borrower on a mortgage? In simple terms, a co-borrower is someone who applies for a loan along with the primary borrower and shares the repayment responsibilities. In this blog, we'll review both sides of co-borrowing. You’ll learn about the roles of co-borrowers versus co-signers, explore the concept of non-occupant co-borrowers and find [...]
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Continue reading at the publisher's website.How to make the loan process a positive one Purchasing a home is an exhilarating event that marks a major milestone in life, but such a large investment can seem intimidating at first, especially when it comes to navigating the loan process. However, with the right preparation and partnerships, even first-time homebuyers can have a [...]
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