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.
Loan
Reverse Mortgages: Pros and Cons Every Senior Should Be Aware Of
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 vs. Conventional Mortgage: What’s the Difference?
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
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 Jumbo Loans
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.
Do You Need a Mortgage Escrow Account?
If you have the option of skipping an escrow account to pay your taxes and insurance, should you?NewHomeSource reviews the pros and cons.
How Home Buyers Can Adapt to New Financing Rates
With the rise in mortgage rates from historic lows, home buyers face sticker shock. But these financing options may help manage higher rates.
Conforming vs. Non-Conforming Loan Differences
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.
Home Equity Loans vs HELOCs vs Cash-Out Refi
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.
Cash-Out Refinance Explained
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.
Everything to Know About Home Equity Lines of Credit
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
What You Need to Know About HELOC Loans
Homeowners looking for cash to help with finances may consider a HELOC. Here’s everything you need to know about home equity lines of credit.
Your Guide to Closing Costs in California
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.
First-Time Homebuyer Programs in South Dakota
Thinking about buying your first home in South Dakota? Check out these financial assistance programs exclusively for first-time homebuyers.
10 Documents Homeowners Need During the Home-Selling Process
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.
10 Documents Homeowners Need During the Home-Selling ProcessRead More
How to Calculate Your Mortgage Payment
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: 6 Things Every Home Buyer Should Know
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.
Private Mortgage Insurance: 6 Things Every Home Buyer Should KnowRead More
Is an Adjustable-Rate Mortgage a Smart Move for Your Home Purchase?
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.
Is an Adjustable-Rate Mortgage a Smart Move for Your Home Purchase?Read More
Why You Need Title Insurance for Your New Home
NewHomeSource breaks down why you need title insurance for your new home, and how to shop for the best deal.
What is Single-Close Financing and Why You Should Consider It When Building New
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.
What is Single-Close Financing and Why You Should Consider It When Building NewRead More
Down Payment Assistance Programs: How to Find Help to Buy a Home
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.
Down Payment Assistance Programs: How to Find Help to Buy a HomeRead More
First-Time Homebuyer Qualifications
You don’t always have to be a first-time homebuyer to qualify for down payment assistance programs.
How Much Do You Need for a Down Payment on a House?
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.
How Much Do You Need for a Down Payment on a House?Read More
New Home Construction: Loans and Financing
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.
How to Apply for a Mortgage When you are Self-Employed
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.
How to Apply for a Mortgage When you are Self-EmployedRead More
Obtaining a Mortgage: How to Plan and What to Expect
Homeownership is a real possibility if you do a little research and prepare your credit for the rigorous mortgage application process.
Obtaining a Mortgage: How to Plan and What to ExpectRead More
Your Credit Report: A Vital Step in Obtaining a Mortgage
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.
Your Credit Report: A Vital Step in Obtaining a MortgageRead More
What Should You Put On Your 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.
The Mortgage Process: A Step-by-Step Look and Checklist
Here is a step by step look at the mortgage process, a full guide to securing financing for your new construction home.
The Mortgage Process: A Step-by-Step Look and ChecklistRead More
Home Shopping? Get Preapproved First
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.