How is Your Mortgage Interest Rate Determined?

You might remember our previous post and that we discussed that when you apply for a mortgage, lenders try to determine how much risk you represent. That risk shows up in the form of the interest rate the lender will charge you. So, lets take a look into how your interest rate is actually determined by […]

Many Americans just assume that they won't be approved for a home loan without even trying.

You Know What Assume Means

We’ve seen many reports over the last few years that all-too-often show that Americans disqualify themselves from buying a home by assuming that they don’t qualify for a mortgage. They don’t even try. We may never know how many of those potential homebuyers would have actually been able to buy a home. However, you don’t […]

Student Loans and Buying a Home

Student Loan Debt and Buying a Home

If you have a lot of student debt and you are trying to buy a home of your own, you may quickly realize that your student debt is an obstacle. Why do a lot of student loan debt and buying a home not play well together? Student debt and back end Debt -to-Income Ratio (DTI): When […]

Thermostat mounted on the wall/

Estimating the Cost of Utilities for Your New Home

Google “new home budget” and you are likely to see a listing of web sites that show you how much it will cost you to buy a new home. That’s really great information that you should understand before buying a home. However, the actual cost of the home is only part of what it will […]

Should you buy an old home or a brand new home?

Should You Buy an Old Home or a New Home?

Spring is here, your lease is up soon, and you are about to begin searching for your first home. One question that has probably popped up is whether or not you should buy an old home or a new home? There are pros and cons either way. You have to ask yourself – What is […]

Are you ready to tackle that home improvement project? Here are 5 questions that will help you decide if the job is for you or for a professional.

Ready to Make Some Home Improvements?

May is National Home Improvement Month and chances are that you are thinking of tackling some home improvement projects all on your own. Many homeowners want to take on home projects to add value or simply make it their own.  If you are one of the growing number of American homeowners that are rolling up their […]

House Hunting Checklist

House Hunting Checklist

Why do you need a house hunting checklist? The job of finding a new home can be confusing and even daunting. You have so many factors to consider and to remember. Does the house have the bedrooms we needed? Which house needed new kitchen appliances? Did the blue house have the bonus room over the […]

First-Time Homebuyer Programs Work

Have you been wondering if a first-time homebuyer education and coaching program is for you? A study reported by HUD could help you decide. The results of the study show that homebuyers who have completed a first-time homebuyer program are 1/3 less likely to fall 90 or more days behind on their mortgage than homebuyers […]

Home under a magnifying glass

You Need a Home Inspection

You found the home of your dreams and you are ready to make an offer. Before you go any further, you need to think about having a home inspection. Why do you need a home inspection? The home inspection is your opportunity to learn about the home’s physical condition from a professional inspector. You will know […]

28% of consumers don't have an emergency savings fund.

No Emergency Savings

According to a recent survey by NeighborWorks America, more than a quarter of American consumers have no emergency savings fund. If you are one of those 25%, you probably feel like you are living one disaster away from a financial crisis. What happens when the car breaks down or you have a health emergency? Without […]