There's a lot to like about a 15-year mortgage: It typically has a lower rate than a 30-year loan and can be paid off in half the time. But there's one big downside to this type of loan: You're locked into a higher monthly payment. That's... (Read More)

You've waited for the housing recovery. Your down payment is in the bank and you're pre-approved for a mortgage. You're all ready to buy a home. Here are some tips for doing it the smart way: Make sure it's the right time. If you are planning to... (Read More)

Thinking of buying a bank-owned property? There are many tempting deals out there. But many buyers aren't prepared for the time involved in purchasing a home that's been repossessed by a bank. That doesn't mean you shouldn't buy. But you... (Read More)

Have you been approved for a mortgage loan? Great. Now don’t do anything. Your lender will recheck your credit right before closing. Keep your transaction moving along smoothly, by avoiding these mistakes: Increasing your debt. Your... (Read More)

Garage doors can be dangerous. Each year, more than 20,000 adults and children are injured by them! That's why if you're buying a home, having a professional check the garage door before you move in can be a good idea. Most newer garage... (Read More)

Have you served in the military? The Veterans Affairs Home Mortgage Loan Program is one of the most important benefits available to service members, veterans and eligible surviving spouses.  It can help you buy or build a home with some of the most... (Read More)

You found the home of your dreams. How do you know how much to offer? No doubt you've heard all kinds of home buying advice, such as starting negotiations by offering a certain amount below the asking price or making a bid that's a specific... (Read More)

You have a good job and have a solid track record paying your rent. You want to buy your first home, but you're worried that student loan debt, the tiny balance of your bank account and the fact that you don't have a high-paying job will hold you... (Read More)

There is no doubt first homes hold sentimental value. After all, they may be the place where you first moved in as a couple. Your first home may have been the result of your first big promotion at work. Your firstborn may have taken his or her first... (Read More)