HomeFinancing Your First Home
three orange calculators reflecting home financing

Financing Your First Home

lady sitting outside her house as a first time home buyer

What Is a Mortgage? A Guide for First-Time Home Buyers

What Is a Mortgage? To start, let’s discuss what the word “mortgage” actually means. A mortgage is a type of loan usually used to buy a home or other forms of real estate. For most of us, getting a mortgage is a necessary first step on the road to homeownership. Here’s why it matters: Using...

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A young woman unpacking moving boxes in her new home

How Much House Can I Afford?

Are you asking yourself, “How much house can I afford?” The answer will depend on your current debt-to-income ratio (DTI), down payment and other factors. Choosing a home is only one part of the homeownership journey. You also need to be sure that you can afford the monthly mortgage when it comes knocking on your...

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woman choosing a mortgage lender looking through papers and sitting at table

3 Tips for Choosing a Mortgage Lender

It would be awesome if finding the right mortgage lender were as simple as swiping right on an app (#lender, anyone?). But you can’t choose a mortgage lender that way because there are too many moving parts. Your finances and your lender’s terms and services must match to make it work. Taking shortcuts when it...

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payment terminal reflecting how credit scores affect mortgage rates

Credit Scores Affects on Mortgage Rates

A good credit score is like having a strong professional network – it’ll open a lot of doors for you. Behind those doors, you may find perks, like qualifying for a higher spending limit on a credit card, having a better chance of being approved for large loans and earning lower mortgage rates. While your...

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a hook with keys on reflecting concept of buying a house with no money

How To Buy A House With No Money

You’ve got buying a home on your mind. Maybe: You and your partner can’t stop talking about buying a house together Everyone you know is becoming a homeowner Your family is outgrowing your current home You want your kids to have access to a better school district You’ve earned a promotion and feel ready to...

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this pic describes the thought process of understanding escrow

What Is Escrow and How Can It Help You Buy a Home?

When you make a friendly wager or pool your money, you may ask another neutral friend to hold onto that money for you. Escrow is the legal version of that. A third party temporarily holds onto a large sum of money and releases it when a particular condition has been met. As you learn about...

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