What credit score is needed to buy a home
Credit scores play an essential role in the home buying process. The FICO score determines whether you qualify for a loan and affects the terms of your mortgage. It's critical to know whats a good credit score to buy a house.
How much down payment do you need?
Getting enough cash for a down payment on a home can be the biggest hurdle for potential homebuyers. For sure, every customer worries: what price house can I afford? It depends on the kind of loan, your lender, and your priorities.
The comparison of FHA and conventional loans
FHA loans give you a lower credit score than regular mortgages and are easier to qualify for. Conventional loans allow you to reduce the down payment slightly. There is an opinion that FHA loans are for first-time home buyers and conventional mortgages are for more established buyers, but is it so? Not always.
What is the scope of responsibility of a real estate lawyer, and do you need one?
Your state may require that you hire a real estate lawyer to make buying your home as easy as possible. The primary duty of a real estate lawyer is to ensure the legal transfer of property from the seller to the buyer.
Mortgage Refinance: Basic to Dive into Finance Understanding
Often refinancing a mortgage can save a person's financial situation due to a refinance rates revision. Colonel Penny offers tips to refinance a mortgage.