Showing 783 Result(s)

Be Prepared for Mortgage Rules Changes in 2014

The world of mortgage lending has changed significantly since the housing bubble burst. Mortgage lenders have returned to traditional loan standards that require extensive documentation of income and assets for a loan approval. Get Pre-Approved Find a lender who can offer competitive mortgage rates and help you with pre-approval. Enter the ZIP code where you …

What Is the Standard Down Payment on a House?

Kuzma/iStock “Down payment”: Ask most people what is an acceptable down payment on a house, and nine times out 10 they’ll tell you it’s 20% of a home’s selling price. So you do the math, and realize you’d have to put down $50,000 on a $250,000 house! How will you ever scrounge together that much …

5 Speedy Ways to Come Up With a Down Payment

Sally Elford/Getty Images The best way to come up with a down payment for a home: save for one, of course! But sometimes you’re in a hurry. Maybe your dream house just popped up on the market, or you’ve simply had it with being a renter. Whatever the reason, you’re ready to buy a house, now. …

Should I Get a Co-borrower for My Mortgage Loan?

Not everyone can qualify for a mortgage on their own. Many home buyers need to jointly sign for a mortgage—usually with a significant other or family member—to be able to buy a home. When this happens, both people on the mortgage are co-borrowers, and each is responsible for mortgage payments. In turn, each holds an …

Six Ways to Improve Your Home’s Fiscal Fitness

deliormanli/iStock Your home is one of your biggest expenses but it is also one of your biggest investments. Whether you are planning to sell soon or are in it for the long haul, it’s important to evaluate whether your home is doing its part in contributing to your overall financial health. Here are some things …

How Soon After a Bankruptcy Can We Get a Home Loan?

stock_home_finance_500width Q: My husband and I received a discharge of debts in Dec. 7, 2009. How long before we can obtain a home loan and get help with a down payment. The house we want is $89,000 and we have maybe a $1,000 dollars available?–Debra, Tampa, FL A:You may be able to finance the purchase …

What Is HARP and How Can It Help Homeowners Save Money?

harp.gov Homeowners who want to refinance their mortgage to take advantage of today’s record-low interest rates may have stumbled across the term “HARP.” So what is HARP and what does it stand for? The acronym stands for the Home Affordable Refinance Program (HARP), and it can be a lifesaver for people whose home value has dropped since …

Damaged by Harvey? Get a Tax Break While You Can

Win McNamee/Getty Images Thousands of Tropical Storm Harvey’s victims will soon turn to tax deductions for help with losses not covered by insurance. If so, they could be getting in under the wire. Floods such as the ones caused by Harvey illuminate an important gap in disaster coverage. While insurance policies typically provide better compensation …