Should you pay off your mortgage early? NewHomeSource explores the pros and cons of paying off your home loan early.
finance
How to Start Saving For Your First Home
There are a number of ways that first time homebuyers and Millinnials can save for homeownership.
Prequalified vs. Preapproved: What Is the Difference and Why It Matters
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.
Prequalified vs. Preapproved: What Is the Difference and Why It MattersRead More
Don’t Ignore the ‘Quiet Period’
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 Your Family Help Pay for Your Mortgage?
Can’t get a mortgage from traditional lenders? Intra-family financing may be a solution to your homebuying dreams.
Who Really Owns Your Home?
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.
20 Creative Ways First-Time Buyers Can Save for a Down Payment
NewHomeSource has some fun ways to save up for the down payment, so you can invest in your first home.
20 Creative Ways First-Time Buyers Can Save for a Down PaymentRead More
Debunking Down Payment Myths
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.
Here’s What to Do — And What Not to Do — When Buying a New Home
Getting a home loan means understanding your credit, as well as the financing process and the many things that can ruin an approval.
Here’s What to Do — And What Not to Do — When Buying a New HomeRead More
How to Choose a Lender
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.
Understanding Different Types of Mortgage Loans
As you save for a down payment, you may find that certain loan types don’t require 20 percent down. New Home Source outlines different home loans and how they can affect your wallet.
When Renting Costs More Than Homeownership
If you’re renting a house, it can sometimes cost you more than buying a new home. We explore when renting can cost more than buying your home.
7 Tax Benefits of Owning a Home
Tax season isn’t fun, but home ownership could make the experience a little less unpleasant thanks to some important tax breaks.
The New World of Virtual Mortgages
Virtual mortgages offer homebuyers a faster, more secure option than tradition paper-based mortgage applications.
What is Trended Credit Data?
The use of trended credit data may mean a new home for those on the cusp of home lending credit standards.
5 Ways to Buy a New Home with a Higher Mortgage Rate
As interest rates for home loans rise, NewHomeSource lays out five ways you can still buy a new home in this fiscal environment.
5 Ways to Buy a New Home with a Higher Mortgage RateRead More
Is a Reverse Mortgage Right for You?
NewHomeSource explores what a reverse mortgage is, and if it could make sense for you as you enter into retirement.
Mortgage Glossary
Find out everything you need to know about your home mortgage with NewHomeSource’s Mortgage glossary.
Buying and Selling at the Same Time? How a Bridge Loan Can Help
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.
Buying and Selling at the Same Time? How a Bridge Loan Can HelpRead More
DIY Comps or How to Be an Armchair Appraiser
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.
Making a Good Investment When Buying a Home
Everyone talks about how buying a home is an investment. Here’s some advice on how to make sure your investment is a good one.
How Credit Scores are Tabulated – And What That Means for Homebuyers
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.
How Credit Scores are Tabulated – And What That Means for HomebuyersRead More
How to Select the Right Financial Institution for Your New Home
Find the right financial institution to get the right mortgage for your new construction home.
How to Select the Right Financial Institution for Your New HomeRead More
Why, How and When to Check Your Credit Report
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: How to Manage It (Or Repair If Necessary)
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.
Your Credit Score: How to Manage It (Or Repair If Necessary)Read More
Understanding Home Equity Conversion Mortgage (HECM) for Purchase Loans
Home Equity Conversion Mortgages helps Baby Boomers finance the purchase of their new retirement home.
Understanding Home Equity Conversion Mortgage (HECM) for Purchase LoansRead More
Getting a Mortgage With Student Loan Debt
Don’t let your student loans hold you back from homeownership. NewHomeSource breaks down how you can get a mortgage with student debts.
Don’t Think You Qualify For a Home Loan? Think Again
Don’t assume you can’t qualify for a home loan. NewHomeSource breaks down why some people don’t even bother trying to invest in a house.
Don’t Think You Qualify For a Home Loan? Think AgainRead More
How to Make Sure You Qualify for a Home Loan
Getting your finances in order and planning ahead makes your loan approval process less of a hassle. NewHomeSource helps you take the necessary steps to get your home loan approved.
Mortgage Application Denied? Here’s What to do Next
If you didn’t qualify for a home loan, don’t panic. NewHomeSource can guide you through the steps you should take to get financing for your new home.
Mortgage Application Denied? Here’s What to do NextRead More