Welcome to the Golden State. If you’re a homebuyer ready to call California home, make sure you’re saving up to cover the closing costs.
Ready to make Alabama your sweet home? Paying for closing costs is one of the final hurdles in the homeownership process after securing a mortgage; here’s what to expect.
Homestead exemptions can protect homeowners from the forced sale of their home to pay off creditors during financial hardship, keep seniors in their homes, and offset your property tax bill. Let’s look at six things you need to know about this exemption.
A big part of the home-buying and homeownership process is paperwork. To help you get familiar with what’s in store, here’s a look at the 10 key documents you’ll come across in the home-selling process that will help you get acquainted with every detail of your home.
Before you start shopping for homes, it’s best to know how much home you can afford. NewHomeSource outlines what you need to know to calculate a mortgage and to help determine how much loan you may qualify for.
Private mortgage insurance could help you get qualify for a conventional mortgage and get you into your dream house — but is it worth it? Here are 6 things every home buyer should know about PMI.
An adjustable-rate mortgage may be the smart way to go when buying a home, but it’s not without risk. NewHomeSource looks at the pros and cons and whether an ARM could be right for you.
Here are eight creative ways that Millennials and Gen-Zers can start saving up for their first home that won’t destroy your lifestyle.
A construction-to-permanent financing automatically switches to permanent financing once your home is completed. It’s important to choose the right builder before you take on such a loan.
A down payment assistance program or homeownership program can help first-time buyers purchase a home sooner than they expected. There are a variety of programs out there to help.
Closing on your home is the final step to your journey to homeownership. NewHomeSource breaks down everything you need to know about closing costs, and builder closing incentives.
Find out how you determine how much mortgage you can afford for your first home.
You don’t always have to be a first-time homebuyer to qualify for down payment assistance programs.
How much of a down payment do you really need to buy a house? While the answer is situational, the typical range for a new home down payment is 3.5 percent to 20 percent.
Financing a new home can seem confusing. NewHomeSource has your guide to financing your home, from how to choose a lender, the types of available loans, to figuring out credit scores.
If you’re self employed, you can still get a mortgage for your new home! NewHomeSource has tips and tricks so the self employed can secure home loans.
Homeownership is a real possibility if you do a little research and prepare your credit for the rigorous mortgage application process.
There are lots of ways to save for a down payment for a home, particularly if you look outside the box.
A key to successfully navigating the mortgage application process is to check your credit report to ensure it’s accurate. If it isn’t, you can take action to get it corrected.
NewHomeSource breaks down what your credit score is, how it’s calculated, and what it means for people hoping to secure a mortgage.
In the process of buying your new home, have you considered purchasing some items, such as appliances, to save money on your mortgage? It might be time to reconsider that idea.
Here is a step by step look at the mortgage process, a full guide to securing financing for your new construction home.
Getting pre-approved for a home loan is preferred over a pre-qualified. Why? Because pre-approval puts you one step closer to purchasing the home of your dreams.
Building or repairing your credit score means learning to use credit cards responsibly. An improved credit score means better rates on mortgages.
Should you pay off your mortgage early? NewHomeSource explores the pros and cons of paying off your home loan early.
There are a number of ways that first time homebuyers and Millinnials can save for homeownership.
A prequalification is a good start to the home loan process, but being preapproved means you’re almost home — literally. Getting preapproved means greater security and purchasing power for your home search.
It’s important that you don’t take on any new debt or make other changes to your financial profile during the “quiet period” — the time between your mortgage approval and the date you actually close on your house.
Can’t get a mortgage from traditional lenders? Intra-family financing may be a solution to your homebuying dreams.
Before you decide how the title for your home will be held, you should explore all of your options and make sure you fully understand each.