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first time home buyers

First-Time Homebuyers: Your Guide to Buying a New Home

June 3, 2024 //  by Sanda Brown

NewHomeSource has all the information first-time homebuyers need to know to get prepared to buy and build their new house.

First-Time Homebuyers: Your Guide to Buying a New HomeRead More

white house surrounded by trees

Builder Incentives That Make Financing a New Construction Home More Affordable

May 30, 2024 //  by Sanda Brown

Builder incentives can save new home buyers tens of thousands of dollars over the lifetime of their mortgage. Here are some common builder incentives that can save you money on your new home.

Builder Incentives That Make Financing a New Construction Home More AffordableRead More

The NewHomeSource Guide to Navigating Your Down Payment

May 30, 2024 //  by Sanda Brown

NewHomeSource has your complete guide to navigating the down payment for a new home as a first time homebuyer. From finding affordable markets for new homes, to creative ideas for saving, everything you need to know about the down payment is here.

The NewHomeSource Guide to Navigating Your Down PaymentRead More

Jumbo Loan Refinancing: Why & How to Refinance Your Jumbo Mortgage

May 12, 2024 //  by Carmen Chai

If you qualified for a jumbo loan for your mortgage, you have refinancing options. Here is a guide to refinancing a jumbo loan.

Jumbo Loan Refinancing: Why & How to Refinance Your Jumbo MortgageRead More

How Much Will a Reverse Mortgage Cost Me?

June 4, 2024 //  by Carmen Chai

If you’re considering taking out a reverse mortgage, here’s an in-depth look at the 8 most common fees and charges you’ll incur to set up and maintain this loan.

How Much Will a Reverse Mortgage Cost Me?Read More

Reverse Mortgages: Pros and Cons Every Senior Should Be Aware Of

June 4, 2024 //  by Carmen Chai

Learn all about the pros and cons of a reverse mortgage for senior citizens, and if it is the right financing option for you.

Reverse Mortgages: Pros and Cons Every Senior Should Be Aware OfRead More

jumbo loan

Jumbo Loan vs. Conventional Mortgage: What’s the Difference?

May 31, 2024 //  by Carmen Chai

Here’s our guide to jumbo loans and conventional mortgages, showing you the top differences between the two and how to decide which product to go with.

Jumbo Loan vs. Conventional Mortgage: What’s the Difference?Read More

7 Questions to Ask When Applying for a Jumbo Loan

May 31, 2024 //  by Carmen Chai

You’ve found the new home of your dreams, but you may need a jumbo loan to finance the purchase. If you’re unsure of whether a jumbo loan is the right route to take, answer these 10 key questions to help you decide.

7 Questions to Ask When Applying for a Jumbo LoanRead More

A small, colorful house figurine next to a strip of paper with "loan" written on it in marker.

Everything to Know About Jumbo Loans

May 31, 2024 //  by Carmen Chai

Looking to borrow more money than a typical mortgage would allow? A jumbo loan might be the answer. Here’s everything you need to know.

Everything to Know About Jumbo LoansRead More

Senior couple gardening outside of their home

Tips for Shopping for a Reverse Mortgage

May 3, 2024 //  by Carmen Chai

Need some money to help get you through retirement? A reverse mortgage may be the answer; here’s everything you need to know to find the best one for you.

Tips for Shopping for a Reverse MortgageRead More

retiree

6 Alternatives to Reverse Mortgages

May 3, 2024 //  by Carmen Chai

Reverse mortgages are a great choice to finance your retirement, but they’re not for everyone. Here are 6 alternatives to consider.

6 Alternatives to Reverse MortgagesRead More

How does a Reverse Mortgage Work?

May 12, 2024 //  by Carmen Chai

Figuring out your retirement finances? Reverse mortgages are an excellent option. Let’s find out if they’re the right choice for you.

How does a Reverse Mortgage Work?Read More

A large house made of brick and stucco with a grey slate roof.

7 Questions to Ask When Applying for Jumbo Loans

May 31, 2024 //  by Carmen Chai

Is a jumbo loan the best option to finance your new, pricey dream home? Here are seven questions to ask before applying for a jumbo loan.

7 Questions to Ask When Applying for Jumbo LoansRead More

Building a new home, confusion

Do You Need a Mortgage Escrow Account?

June 3, 2024 //  by Michele Lerner

If you have the option of skipping an escrow account to pay your taxes and insurance, should you?NewHomeSource reviews the pros and cons.

Do You Need a Mortgage Escrow Account?Read More

Person holding up five 0 bills.

What Is An Escrow Shortage?

May 12, 2024 //  by Michele Lerner

Sorting through the financial responsibilities as a homeowner? Don’t let an escrow shortage catch you off guard. Here’s everything you need to know.

What Is An Escrow Shortage?Read More

10 Common Investment Property Mistakes

June 3, 2024 //  by Carmen Chai

If you’re new to buying investment properties, the process can be overwhelming. To help you succeed, here are 10 common mistakes to avoid.

10 Common Investment Property MistakesRead More

mortgage

How Home Buyers Can Adapt to New Financing Rates

June 3, 2024 //  by Michele Lerner

With the rise in mortgage rates from historic lows, home buyers face sticker shock. But these financing options may help manage higher rates.

How Home Buyers Can Adapt to New Financing RatesRead More

View of 3 modern design homes in neutral color palettes and with green lawns

Financing an Investment Property

September 21, 2023 //  by Carmen Chai

Securing funds to buy an investment property gets you closer to becoming a landlord collecting rental income. Here’s how to get the job done.

Financing an Investment PropertyRead More

Conforming vs. Non-Conforming Loan Differences

September 21, 2023 //  by Carmen Chai

Researching options for financing your new home? Be sure you understand the difference between conforming and non-conforming loans so you can make the best choice.

Conforming vs. Non-Conforming Loan DifferencesRead More

Ranch-style home with grey vertical wood siding.

Home Equity Loans vs HELOCs vs Cash-Out Refi

June 3, 2024 //  by Carmen Chai

Considering using your home’s equity to secure extra cash? You have several options. NewHomeSource compares cash-out refinancing, HELOCs, and home equity loans to help you decide which is best for you.

Home Equity Loans vs HELOCs vs Cash-Out RefiRead More

Cash-Out Refinance Explained

June 3, 2024 //  by Carmen Chai

Are you a homeowner in need of a lump sum of cash to pay for major expenses? Here’s what you need to know about cash-out refinancing.

Cash-Out Refinance ExplainedRead More

cash money

Everything to Know About Home Equity Lines of Credit

May 31, 2024 //  by Carmen Chai

Homeowners who stick to their monthly mortgage payments can apply for a specific type of loan: a home equity loan. Click here to learn more!

Everything to Know About Home Equity Lines of CreditRead More

Guide to Homebuying Closing Costs in Tennesee

August 24, 2023 //  by Carmen Chai

If you’re buying a home in Tennessee, you need to plan for closing costs. Check your knowledge to make sure you’ve thought of everything.

Guide to Homebuying Closing Costs in TenneseeRead More

downtown area of rapid city, south dakota

The Complete Guide to Closing Costs in South Dakota

May 12, 2024 //  by Carmen Chai

Ready to close on your home in South Dakota? There’s a lot to know about closing costs; read on to make sure you’re not caught unawares.

The Complete Guide to Closing Costs in South DakotaRead More

bluebonnets in texas

The Complete Guide to Closing Costs in Texas

May 12, 2024 //  by Carmen Chai

Ready to close on your home in Texas? Think you know everything about closing costs? Quiz yourself to make sure you haven’t skipped anything.

The Complete Guide to Closing Costs in TexasRead More

South Carolina

Guide to Closing Costs in South Carolina

May 12, 2024 //  by Carmen Chai

Buying a home in South Carolina? Think you know everything about closing costs? Quiz yourself with this article and make sure you didn’t miss anything.

Guide to Closing Costs in South CarolinaRead More

Pomham Rocks Lighthouse in East Providence, Rhode Island.

Your Guide to Closing Costs in Rhode Island

May 12, 2024 //  by Carmen Chai

Think you know closing costs in Rhode Island? Double check here to test you knowledge and make sure you haven’t forgotten anything.

Your Guide to Closing Costs in Rhode IslandRead More

An outdoor market of artisan goods; close to the front is a sign of large Scrabble tiles reading "Ohio" and "Home" with the "h" overlapping.

Guide to New Home Closing Costs in Ohio

August 24, 2023 //  by Carmen Chai

Buying a new home in Ohio? Closing costs are an important factor to consider. Click here to find out if you’re fully prepared for closing day, and all the expenses that come with it.

Guide to New Home Closing Costs in OhioRead More

Open fields in North Dakota.

Closing Costs in North Dakota: What to Expect

May 12, 2024 //  by Carmen Chai

Buying a home in North Dakota? Check here to see if you know what closing costs will be, and for ideas on how to lower those expenses.

Closing Costs in North Dakota: What to ExpectRead More

Wyoming

The Most Affordable Cities in Wyoming

May 6, 2024 //  by Drew Port

Ready to buy a home in Wyoming? Here are the most affordable cities in the state to help you decide where you want to live.

The Most Affordable Cities in WyomingRead More

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