The Blog
The Psychological Benefits of Buying Your First House
Buying your first house is a milestone that comes with significant financial and personal rewards, but the benefits go beyond the tangible. Owning a home has a profound psychological impact, offering a sense of stability, pride, and accomplishment. At Mortgage...
What Are FHA Loan Guidelines for Gift Money?
Buying a home requires a significant financial investment. Sometimes, borrowers will use money that has been gifted to them for their down payment. This money is referred to as a “gift fund.” Gift money can be used for any type of mortgage, including FHA loans, so...
First Time Home Buyers Programs for Nurses
As a nurse, you spend all of your time taking care of others. It’s only reasonable that you should get the same type of consideration in return when it comes to your own personal needs like buying a home. Are there first-time home buyers programs for nurses? Here’s...
Do I Need to Pay Off Collections to Apply for an FHA Loan?
Life happens and sometimes you find yourself in a financial rough patch, unable to pay your bills. Eventually, those bills may be sent to collections and a third party will attempt to recover the money on behalf of the original creditor or business. If you have unpaid...
First-Time Buyers Loans – 15 Vs. 30-Year Mortgage?
First-time buyers' loans come in different forms. In addition to varying interest rates and qualification requirements, they may also have different time lengths for repaying the loan in full. If this is your first time buying a home, you may be wondering whether you...
Can I Cancel FHA Mortgage Insurance?
If you’re looking into loans for buying a home, one option you may have considered is an FHA loan. FHA loans are mortgages backed by the Federal Housing Association. These loans usually have relaxed requirements, making it easier to qualify. However, borrowers have to...
First Time Home Buyers FAQ: What Type of Property Should I Buy?
A detached, single-family home with a large yard and white picket fence may sound appealing to some buyers, but for others, it isn’t necessarily the right option. In some cases, it may make more sense for a buyer to purchase a condo, townhome, or even a multi-unit...
Do Veteran Home Loans Have Better Rates?
So, you're ready to start the next chapter of your life and buy a home? You've saved your money, get your finances in a good place, and are ready to take the next steps. Now, all you need to do is figure out how to finance your purchase. Should you choose a Veteran...
VA Loan Requirements: How Long Do You Have to Live in a House?
Qualifying individuals affiliated with the military can choose to purchase a home with a VA loan. VA loans are an attractive option because of their low-interest rates. They also do not require a downpayment. However, it’s important for borrowers to know that when it...
What Is the Average Age of First-Time Home Buyers?
Have you ever wondered what the average age is for first-time home buyers in the U.S.? For most people, it takes a certain amount of time to reach a place where they’re financially able to buy a home. Financial stability is important for homeownership. You want to be...
First-Time Homeowner Must-Haves
So, you’ve finally bought your dream home and now you’re getting ready to move in! Congratulations! As a first-time homeowner, you’re probably pretty excited about the prospect of moving into a place of your own and being able to personalize it however you want. When...
Buying Your First House without Two Years of Employment
Buying your first house can be exciting, but also a little nerve-wracking. If you’re like most first-time buyers, you’ll probably need to apply for a home loan in order to finance your purchase. You may be wondering what to expect and what kind of requirements your...
First-Time Homebuyer Tips: Getting Financial Help
Buying your first home can be challenging, especially if you’re doing it alone or working with a limited budget. Making the transition from renting to homeownership is hard, not only because of the large sum of money you’ll need for a down payment, but also all the...