Is it Smart to Roll Closing Costs into Your Loan?

Is it Smart to Roll Closing Costs into Your Loan?

Closing costs can be an expensive part of buying a home. In addition to saving for your down payment, you need to save for closing costs, too. They can vary depending on where you live, but they’re generally between 2 and 5% of the total loan. On a $250,000 loan, that...
Getting a Mortgage on a Multi-Family Property

Getting a Mortgage on a Multi-Family Property

Have you known someone who has bought a multi-family unit and then lived in part of it while renting out the rest? It’s pretty cool to have someone else paying part or all of your mortgage. But getting a mortgage on a multi-family unit isn’t the same as getting a...
10 Steps for a Seamless Mortgage Application Process

10 Steps for a Seamless Mortgage Application Process

Thinking about buying a home? Congratulations! Buying a home is an exciting time in a person’s life, but if you aren’t prepared, setbacks may dampen your mood. Spending time preparing now can save you time and headaches after you’ve turned your application into the...
What to Expect for a Rental Property Down Payment

What to Expect for a Rental Property Down Payment

If you’ve got extra cash, you might consider investing that money in a rental property. Rentals can help diversify your investment portfolio and build financial stability. If you haven’t purchased a rental before, there are a few things you need to know about the down...
Common Closing Costs (and How to Limit Them)

Common Closing Costs (and How to Limit Them)

Buying a new home is one of the most exciting events in your life, but the enormity of it all can be daunting. You’ve got to set your price range. Then you need to research your new neighborhood. And before you move, all your belongings will have to be packed into...