What To Expect With Low Down Payment Loans

A down payment is your offer to share the risk of financing your home with the lender by putting your own money toward the purchase. Fortunately, there are programs that allow low down – payments, but be prepared for some caveats.

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Three Ways to Get Your Finances in Shape

You want to buy a home, but first you need to get your finances squared away. You’ll need money for a down payment, for moving and for other costs. How can you get more money in just a few months? Here are three ways that work together as nicely as compound interest.

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Slowing Market Good for Both Buyers and Sellers

Experts are predicting that the housing market will slow down in 2019. But, that’s not such a bad thing. A slower market is more stable and offers advantages for both buyers and sellers.

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Is Love Co-signing Your Child’s Mortgage Loan?

Young homebuyers have a rough time as first-time homebuyers. Parents like you may be thinking of co-signing so your son or daughter may have a home of their own. This would be a true act of love, but it doesn’t come without risk.

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Mortgage Applications for the Military

If you’re active military or an armed services veteran who’s ready to buy a home, a Veterans Benefits Administration (VA) home loan allows you to transact with no down-payment, no minimum credit score, and a better interest rate than you’d otherwise qualify for because the VA is guaranteeing the loan for the mortgage lender.

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Co-borrowers and Mortgages

First-time homebuyers may face challenges when it comes to securing a mortgage loan. They may not have a long enough credit or work history, and they are often paying off student loans, among other reasons. Many turn to co-borrowers to make their dream homes come true.

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The Credit Scores You Need to Buy a Home

Mortgage lenders check your credit history before approving a home-buying loan. Your credit scores are crucial to getting the amount you want to borrow at a good interest rate.

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Your Rights As A Borrower

When you shop for a mortgage loan, you have certain rights that are guaranteed by the federal government’s Consumer Financial Protection Bureau. Knowing your rights will help you get the best loan possible.

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