When you apply for a personal loan, auto loan, or mortgage, your lender will want to verify your identity, employment, income, credit, and assets. Being prepared with the documents that demonstrate your creditworthiness will not only help you to complete the...
Building equity through homeownership is the primary way most people build wealth to achieve financial stability and security. Each monthly mortgage payment that pays down the principal of your home loan adds equity. The more equity you have in your home provides a...
Hooray! You have finally determined how much house you can afford, have obtained your mortgage pre-qualification letter, and are ready to shop for your new home. If you have decided to begin your home search online, you made a wise decision. According to a 2022...
Are you looking to buy a home but uncertain that your current income will not be enough to afford one? The nationwide shortage of affordable housing and higher interest rates have some people concerned that they may need to hold off buying their first home....
Do you dream of building your dream home or just want to be the first person to live in your home? Maybe you're finding it challenging to locate an affordable contemporary home that checks off all your boxes? If you've answered "Yes" to any of these scenarios, you...
Whether you are an unmarried couple committed to living together or engaged to be married, it might be tempting to buy a home together before interest rates increase. But is it wise?State law governs how property is to be divided or distributed if a marriage...
There are many reasons people are unable to buy a home or use to avoid buying a home. However, buying a home doesn’t have to be scary. Being a homeowner has many benefits, including the ability to build personal and generational wealth. The Survey of Consumer...
For most people, taking care of student loan debt is one of the biggest challenges to overcome before beginning their homebuying journey. According to the 2022 Homebuyers and Seller Generational Trends Report, 43% of homebuyers reported student loan debt as an...
Once the choice to become a homeowner has been decided, it is time to start the home buying process. If this is the first time you've bought a home, the whole process might seem intimidating, but you are certainly not alone. You will encounter several professionals...
You have successfully been pre-approved for a mortgage loan due to sensibly handling your finances. Jeopardizing your hard work with a few careless activities before closing on your new home would be a mistake. Avoid doing any of these activities until you have the...