The vast majority of first-time home buyers say a lack of funds for a down payment is the main reason why they’re yet to make a move in the property market, but many don’t realize that not everyone needs to pay 20 percent down to move forwards.
Many millennials are said to be delaying their entrance into the housing market, and that decision could impact their finances for years to come, real estate experts warn.
Lenders are aiming to reduce the bloated time frame it takes from agreeing to buy a home to actually closing on the deal.
Homebuyers seeking Federal Housing Administration insured mortgages will soon be able to take advantage of reduced costs.
You have saved up enough money for a down payment, and now you’re ready to get your first mortgage. However, there are a few things you should know before you fill out your first application at the bank.
What with surging real estate values in many parts of the U.S., some foreclosed homes are netting more than what the lender is owed on the property.