Closing costs are the administrative, legal and other fees associated with purchasing a home. Most experts recommend that you budget 2 to 4 percent of the total purchase price, but final closing cost amounts can range by state, region and the details of your purchase.
A 203(k) loan is a type of home financing that is available to anyone who needs to renovate a property. Whether you want to upgrade your current home or plan to buy a "fixer-upper" property, this type of loan could provide you with the funds you need for your project.
A reverse mortgage is a home loan that allows you to borrow money against the value of your home. Here's all you need to know about reverse mortgages.
Buying a multi-family home has its advantages. For instance, you can earn money from other tenants while your family lives rent-free. Before you buy a multi-family home, though, you should understand how the process works. This step-by-step guide will introduce you to the basics.
Most homeowners have to borrow money before they can purchase a piece of property. Without a mortgage, it's unlikely that you have enough money to buy a house. Obtaining a mortgage, however, can take a lot of time and money. If you have served in any branch of the United States military, you could make the process easier by applying for a VA loan.
If you're considering buying a house, it's helpful to have an understanding of all the types of loans available to you. One option that appeals to many homebuyers is the USDA loan. If you're wondering why this loan is so sought after and what it takes to qualify for it, check out the basics of this loan. Then take a look at what makes a USDA loan different from the other home loans on the market.
Getting pre-approved for a mortgage is a process that determines whether you qualify for a home loan. It's important to do this before you start seriously shopping for a new home, as many sellers will expect you to have an approval in place before making an offer.
USDA home loans are available to low and very low-income borrowers in rural areas. If you aren't able to qualify for a traditional mortgage, you may be eligible for the USDA home loan program.
Buying a home is an exciting venture, but can come with some pitfalls. To avoid unexpected expenses, you need to perform some basic tasks to ensure that the house is in good condition before you agree to buy.
The best place to live depends as much on livability and job opportunities as it does on personal taste. However, economic, housing and general amenities can put a location in the lead. Based on Livability's rankings, here are the 10 best places to live in 2017.