Category: Purchasing a Home

The loan-to-value ratio is the comparison of the mortgage balance to the market value of the home. It is calculated by dividing your loan amount by the value of the

How A Bridge Loan Can Help You Build a New Home? In today’s housing market with sparse inventory, many people are opting for new builds or even to build their

A home appraisal is an essential part of buying a home and getting mortgage financing. An appraisal determines the current market value of the property and helps lenders determine if

Having a second home for weekend or summer escapes is a priority for many Americans. If you’re interested in buying a vacation home, here’s a quick guide to the essential

One of the major barriers to homeownership for first-time homebuyers is their limited credit background. It takes time to establish a full credit history, and only certain types of regular

If you live in one of our nation’s pricier areas or want to buy a home significantly above the median price for your area, you’ll probably need a jumbo loan.

If you have recently bought a home, you may have heard your closing agent mention something about a prepayment penalty. This idea might have seemed strange. Why would there be

Once you find the perfect house and your offer is accepted, it is time to turn your attention to lining up the financing. If you’ve never applied for a mortgage

One of the new terms you’ll hear as a first-time home buyer is “escrow.” If you’re unfamiliar with this word, here’s everything you need to know about escrow accounts and

Buying a home for the first time is an adventure; it is exciting, but it can also be challenging to understand all the terms and procedures. If you are getting