Sometimes, if you had just a bit more space, everything would be so much easier. When you need an upgrade, there are times where a major overhaul of space can be necessary. And what qualifies as a ‘big’ house is rather relative, depending on your current space and what you consider to be spacious. So …
Buying a home is stressful, especially when you’re trying to buy a home when money is tight. When life hands you lemons, it can be hard to secure conventional home loans from banks, credit unions, or other lending institutions due to one factor or another. Thankfully, there is another option. The Federal Housing Administration (FHA) …
Buying a home is a huge accomplishment—and a huge amount of stress. But it does not have to be if you have the right loan officer that will work with you and your financial needs to get you set up with a home loan. A loan officer is a representative from a financial institution or …
Home buying is stressful, but to add falling short of a down payment can be something akin to a disaster. When you don’t have enough money to cover a down payment, that throws a wrench into the whole home buying operation. Thankfully, there is help in the form of down payment assistance (DPA). Key takeaways …
The housing and financial industries are an ever-changing world and the rise in cryptocurrency has started a purchasing trend like no other. Professional athletes, like NFL tight end Sean Culkin, have converted entire salaries into bitcoin. This demonstrates the growing popularity of cryptocurrency and the new money trend of the 21st century. With the rise …
Every time a potential home buyer decides they are ready to purchase a new home, they must go through the process of qualifying for a loan. The qualification process can be complex and difficult to understand. To understand these complex terms, let’s discuss what automated approval is and why it’s so important. Key takeaways Automated …
When you’re looking for a home loan, the options available can feel overwhelming and sometimes even confusing. Many people aren’t even aware of all of the different options available to them. The USDA is a government department that most people don’t associate with home loans, yet they are just as invested in rural development as …
For renters interested in eventually purchasing the property they live in, there is a way to secure the front-of-the-line spot when the home goes on the market. Rather than have to worry about third parties driving up the price in a bidding war, the renter may purchase the house before any other can put in …
Much like a good wine gets more valuable with age, most properties do too. Much of the appreciation that a property sees is due to the location more than the physical building, the house itself does matter. Let’s take a closer look at what the appreciation rate for houses is and how it works. Key …
It’s the age-old question — should I rent a house or buy a house? The reality is, there is no right or wrong answer. Individual circumstances will play a factor, as will economic conditions. There are both pros and cons to renting or buying, so weighing your choices carefully becomes a priority. Key takeaways Pros …
Buying a home is not only a dream for most Americans but also a solid investment. Homeownership is the most accessible avenue for building wealth in this country. Many potential buyers often ask, is it worth it? What are the perks of buying a house? What about the cons? There are many considerations to examine …
The acronym HUD stands for the Department of Housing and Urban Development, a governmental agency established in 1965 by President Lyndon B. Johnson as a policy and program to combat poverty. The Department was created to ensure that all individuals in urban areas can access quality housing that is affordable and available to all people. …
Heroes can be a part of any profession, but overall they are people who are selfless, generous, giving, and are committed to making others’ lives better and safer. Heroes are people who exemplify positive qualities and can set a good example for others. They are the models of society who we can look to for …
While homeownership is essential in building wealth, navigating the process can sometimes feel daunting. As a nurse, there are many questions, starting with the obvious—am I even eligible for a home loan? The fact is there are many mortgage loan options available for nurses. However, you will need to put in extra work. Here we …
If you’re currently a doctor or about to become a medical doctor (MD, DO, or sometimes DPM) or in some instances a dentist (DDS or DMD), you could qualify for certain home loans designed specifically for doctors. These medical mortgages offer advantages and benefits that a conventional loan often does not. Key takeaways Medical mortgages …
Homeownership is a financial commitment, but it’s also an investment. Owning a home is the most common path to building wealth for the rising middle class. It can be a daunting step to take, but you may be eligible for a series of programs and benefits offered exclusively to healthcare professionals if you work in …
Quick Guide to Home Loans for Healthcare Professionals Read More »
Key takeaways Only buy a home if you can afford it and you plan to stay for at least five years. Emergency savings should be three to six months’ worth of expenses in a high-yield savings account. A down payment of 20% is ideal, and a lower debt-to-income ratio and higher credit score improve the …
Renting vs. Buying a Home: This Is Exactly How to Decide Which Is Best Read More »
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