Do You Have High Enough Liability Coverage?

Homeowners insurance includes several components. One is liability coverage, which can cover accidental injuries or property damage. Insurance companies offer a wide range of liability coverage limits. You may need more coverage than you currently have to fully...

Improve Your Credit Score Before You Start House Hunting

If you want to buy a house and you’ll need to take out a mortgage, getting your credit score as high as possible should be a top priority before you begin searching for a home. Your credit score will be used to set your interest rate, so be sure to stay on top of it....

Why Your Mortgage Servicer Might Change

Many homeowners are surprised to receive a letter stating that their mortgage servicer has changed. Financial institutions that issue mortgages are permitted to sell loans or to transfer the rights to service mortgages to other financial institutions without...

What to Look for in a Single-Family Investment Property

By Meghan Belnap Investing in real estate is a wise decision that can often help you enjoy a relaxing and full retirement. To ensure you purchase the best real estate, though, you need to know what qualities make for a good investment property. Related: Where to Buy...

New Construction or Existing Home: Which Is Better for Your Family?

By Anita Ginsburg Are you in the market to buy a home? If so, then you may be trying to decide between new construction or purchasing an existing home. With your home being such a huge purchase, you need to be sure you make the best choice for your family. Related: 4...

Buyers: How to Get Noticed Among the Competition

As potential home sellers put their plans on hold due to the widespread impact of the coronavirus, available inventory of for-sale homes shrunk, making the landscape a little more challenging for buyers. If you’re currently in the market for a home, you can expect...

4 Things Homebuyers Should Know About New Construction Homes

By Brooke Chaplan Being the first person to own a newly built home can be a source of immense pride and enjoyment. Having the chance to build a house to your exact specifications gives you a great opportunity to move into a home that you can enjoy for many years....

Why You Should Avoid Using Credit Cards When Shopping for a House

If you’re looking for a new home, you probably already know that a mortgage lender will consider your credit score, percentage of available credit used and debt-to-income (DTI) ratio. If your score is too low or your credit utilization or DTI ratio is too high, the...

How to Save Up for a Down Payment

Saving up for a down payment is one of the biggest challenges for aspiring first-time homebuyers. A typical down payment can range from 5 to 20 percent of a home’s purchase price–that’s no small chunk of change. Although it might seem overwhelming to rack up thousands...

How Much of a Down Payment Is Necessary to Buy a Home?

By Bill Gasset Do you know how much of a down payment is necessary to purchase a home? Many folks have misconceptions about a down payment. With incorrect information, the buying process can quickly become an expensive experience. The down payment is a substantial...

Steps to Buying a Foreclosed Home

By Bill Gassett Let me guess: You are interested in buying a foreclosure property? When you want to buy a home, but the mortgage payments are difficult to afford, buying a foreclosure can look attractive. The unfortunate previous homeowner will have struggled with the...

5 Ways to Boost Your Credit Score

Plan on applying for a home mortgage, car loan or new credit card? Lenders will be looking at your credit score to determine if you’re a responsible borrower. The higher your credit score, the more likely a lender will qualify you and offer the best terms. Although...

Mold: Know the Facts

If you are in search of a new home, it’s vital that you learn how to detect mold in homes, get the home seller to disclose any information about mold and be prepared to negotiate around any mold problems that come to light in the course of the sale. Let’s face it, no...

A Quick Breakdown of Your Homeowners Insurance

As new homeowners will learn, borrowers need to provide their lender with proof of homeowners insurance for the full value of the property (usually the purchase price) in order to be approved for the loan.Typically, the standard insurance policy protects your new...