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.
NewHomeSource has some fun ways to save up for the down payment, so you can invest in your first home.
Financing a new home, especially the down payment, can bring a storm of questions. Professional advice can smooth it all over by debunking the myths.
Getting a home loan means understanding your credit, as well as the financing process and the many things that can ruin an approval.
When trying to figure out how to choose a lender, be sure to ask for references and to take your time to thoroughly investigate each prospective lender.
If you’re a first time homebuyer, there are a wide range of down payment assistance programs that can help you get into your dream home sooner than you might have thought.
NewHomeSource has everything you need to know about mortgage and settlement changes in your home loan processes.
Virtual mortgages offer homebuyers a faster, more secure option than tradition paper-based mortgage applications.
The use of trended credit data may mean a new home for those on the cusp of home lending credit standards.
As interest rates for home loans rise, NewHomeSource lays out five ways you can still buy a new home in this fiscal environment.
Find out everything you need to know about your home mortgage with NewHomeSource’s Mortgage glossary.
Buying and selling a home simultaneously can be financially stressful, but bridge loans offer a potential solution. NewHomeSource looks at how bridge loans can help you get out of one home and into the next more easily.
We always here the word “comps” when buying or selling a home, but what are comps and why are they so important? We take you on a detailed look at comps and how you can evaluate them for your next home.
NewHomeSource shows you how your credit score gets calculated, so you can get it ready before you apply for the mortgage for your new home.
Find the right financial institution to get the right mortgage for your new construction home.
Check your credit score before you start applying for home financing. It isn’t scary, you can check your credit score easily and for free.
Your credit score plays a major role in the home financing process. NewHomeSource has tips on managing and repairing your credit score before your apply for a mortgage.
Home Equity Conversion Mortgages helps Baby Boomers finance the purchase of their new retirement home.
First time homebuyers can get a construction loan to finance their newly built house. NewHomeSource breaks down what a construction loan is, and how you can get approved.