Categories for Borrower Tips

Four Reasons Why You Shouldn’t Clean Out Your Savings When Buying a Home

August 18, 2014 by 1 Comment

At a certain point in life, you’ll start to see many of your peers become homeowners. They’ve graduated from living with their parents or living in a small apartment and now have spaces of their own to call home. While you might be tempted to join them right away, there are several reasons why doing so without a... View Article

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Advantages of Home Inspections for Buyers and Sellers

August 1, 2014 by 1 Comment

When it comes to a real estate transaction, there can be many question marks for both the buyer and seller. That’s why pre-sale home inspections are so popular. According to the U.S. General Accounting Office, “more than 85 percent of homebuyers who applied for a mortgage also requested an inspection.” This type of examination takes a look at... View Article

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It’s Easier to Qualify for a Mortgage Loan

May 22, 2014 by Leave a comment

Not as nervous about qualifying for a mortgage loan today? You’re far from alone. A recent survey by Fannie Mae shows that a growing number of U.S. consumers believe that they can once again qualify for a mortgage loan. Fannie Mae’s January 2014 National Housing Survey found that 52 percent of U.S. consumers believe that... View Article

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Cons of Borrowing from a 401(k) to Buy a House

May 20, 2014 by Leave a comment

You might be excited to purchase a new home, but after learning that your lender requires a down payment, you might postpone your plans. The truth is, down payments are a major roadblock to buying a home. Currently, conventional mortgages require 5 percent down and FHA mortgages require 3.5 percent down. Although these percentages are far less than... View Article

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