Mortgage, Credit, Financing

If you are considering buying a home of your own, there’s no escaping the costs that are involved with doing so. While the myth of needing a 20% down payment has been debunked and it’s well known that low to no down...

This month we celebrate all things homeownership and how the ability to purchase a home continues to enrich families and communities across the nation. For hundreds of years, the American dream has consisted of owning a home. From Abraham Lincoln’s signing of the Homestead Act in 1862, which handed...

Owning a rental property can be an excellent way to build wealth. However, this type of venture is not without risk. Before committing to the landlord life, make sure you’re prepared for the good, bad, and ugly.  In this post,...

The United States Department of Agriculture (USDA) loan program was designed to help improve the lives of those in rural America through homeownership. It all began in 1935 when President Roosevelt signed an executive order establishing the Resettlement Administration. This administration...

In 2019 we saw a rise in home prices, a fall in mortgage rates, and a surge of refinancing applications. Missed or late mortgage payments reached an all-time low and many Americans were able to see...

Bankruptcy is a legal process where a judge and court trustee examine the assets and liabilities of individuals who can’t pay their bills. If accepted, debts are discharged and are no longer legally required to be paid. Ultimately, bankruptcy...

Requiring 20% of the loan amount is a thing of the past.  Plenty of people in the United States dream of becoming homeowners but feel as if they’re not ready because they don’t have enough saved...

Many people have a love-hate relationship with Private Mortgage Insurance. On one hand, it’s a recurring expense that affects your monthly budget. However, it makes purchasing a home possible when you don’t have a large enough...

You probably started hearing about the elusive credit score during your teenage years. Parents, teachers, and other adults tried to explain the concept, yet you got the idea that they didn’t fully understand it themselves. They...