Tag: home buying

FHA Closing Cost Assistance for 2023

FHA closing cost assistance is available through first time home buyer programs, lender credit, seller concessions, and gift funds.

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Meet Erin: BST Buyer Specialist

How To Make Your Dream Of Homeownership A Reality

If you’re aiming to buy a home, here’s what you need to know to accomplish that goal.

Financial Fundamentals For First-Time Homebuyers

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home.

What Makes A House A Home?

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.

Home Equity: A Source of Strength for Homeowners Today

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years.

What Are Mortgage Points? Upfront Fees That Could Save You Money

The interest rate your mortgage lender offers you when you buy or refinance a house is not necessarily the rate you have to stick with. In fact, you can lower your mortgage rate by shelling out at closing for something called mortgage points. But what are they and how can they save you some serious cash (like, thousands of dollars over the years you make monthly payments)? Read on for the answers from loan experts.

Must-Know Facts for the Self-Employed Homebuyer

You might have heard it’s more challenging to get a mortgage if you’re self-employed. And it is true that self-employed homebuyers do have to jump through a few more hoops than a W-2 employee. Namely, you’ll have to gather a bunch of paperwork to validate your income and self-employment history. Yet taking the time to organize documents will be well worth it when you’re holding the keys to your new house. Just ask the 14 million nontraditional earners who became homeowners! If you want to join them, here’s everything you need to know about applying for a home loan when you’re self-employed.

3 Trends That Are Good News for Today’s Homebuyers

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.