Buying a home is a major life decision for anyone. Learn more about the home buying process through our guides and tips to make sure you find the right home for you, choose the best mortgage and financing, and avoid surprises throughout the process.
You’ve been picturing it — your own place, your rules, maybe even a dog in the backyard. But when talk about the down payment starts, that dream of homeownership might feel a few steps farther away. You’ll typically need at least a little money down to buy a home, but it doesn’t always need to…
When your credit score isn’t where you want it to be, it can make big purchases seem out-of-reach — especially buying a home. After all, a poor credit score can make it more difficult to prove to lenders that you’ll be a responsible borrower and secure your mortgage approval. But don’t let your credit score…
The math that goes into a monthly mortgage payment might seem complex — but knowing how it works gives you serious financial power. In fact, learning how to calculate a mortgage payment is a big step toward getting mortgage-ready. It helps you estimate how much home you can afford so you can make an informed…
If saving for a big down payment is the one thing standing between you and homeownership, you have options. Many eager buyers may be surprised to learn that it’s entirely possible to buy a home with no money down or less money down than they thought. Whether you’re just starting to look for homes or…
Buying a home can be a milestone moment in your life. But working through the process of buying a home — including how to get a mortgage — can feel overwhelming. This is especially true if you’re a first-time home buyer. With so many steps in the process, from strengthening your credit score to locking…
Figuring out your home budget is the first real step in buying a home. Before you browse listings or visit open houses, it’s smart to get a personalized estimate of how much home you can afford. Knowing your budget upfront helps you focus on homes within your price range — and avoid the frustration…
While finding the right loan for your home purchase can feel overwhelming, a conventional mortgage offers most buyers the clearest path to homeownership. By combining flexibility with competitive rates, a conventional loan is often the most appealing choice for those ready to buy. In this guide, we’ll help you unravel the ins and outs of…
Lenders will nearly always review your credit when you apply for a mortgage. That’s because they want to know what kind of a risk they’re taking in lending to you. A better credit score can lead to lower mortgage rates and better loan offers, which may lower your monthly payment and save you thousands of…
If the home-buying process is a marathon, then closing is the marathon’s final mile — but with hurdles between you and the finish. The good news? The finish line is indeed within sight. And armed with a bit of knowledge, you’ll easily leap those final hurdles on the way to being a homeowner. How long…
With home prices and interest rates remaining high, more home buyers are looking for ways to lower their monthly mortgage payments. That’s where adjustable-rate mortgages (ARMs) come in. A 5/1 ARM and a 5/6 ARM both start with a fixed interest rate for the first five years, followed by periodic adjustments. But what happens after…
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