Buying a home is difficult enough in today’s housing market, but try adding the extra pressure of selling your current home, too. Many homebuyers face this two-step transaction, whether they are relocating for a new job, upgrading to a new home or downsizing in retirement. Last year, 89 percent of repeat buyers sold or planned to sell their previous home,
While making a larger down payment on a home can lower your monthly mortgage bill and help you build equity faster, putting too much down could leave you without enough cash for home maintenance—or anything else. Here, NerdWallet explains how to determine the proper amount to put down on a home by balancing the advantages of boosting the down payment
Your credit score plays a big role in your home purchase and how much it costs. That being said, there are numerous factors that can impact your rating. To ensure that it stays as strong as possible, it’s suggested that you keep debt at reasonable levels, pay all of your bills early or on time and refrain from opening or
The spring-summer home buying season in high gear, and for first-time home buyers, finding an affordable dream home in today’s market could be quite a challenge. Then, after finding that ideal home, you have to secure a mortgage that makes financial sense both today and for the future. Here, Forbes offers some insider mortgage tips for first-time home buyers. 1.
