What Are FHA-Approved Condos?
By Tara Mastroeni Jul 11, 2023 (Getty Images) An FHA-approved condo is a property that can be purchased using FHA loans—or loans that are insured by the Federal Housing Administration. These FHA loans are for first-time homebuyers (or someone who hasn’t owned a home in the previous three years). [...]
FHA vs. Conventional Loan: Which Mortgage is Right for You?
By Daniel Bortz Jul 5, 2023 (Getty Images) FHA versus conventional loan: If you need a mortgage to buy a house, you may find yourself weighing these two options. What’s the difference, and which one is right for you? While the majority of homebuyers might assume they should get a [...]
What Happens If I Skip a Mortgage Payment?
By Daniel Bortz Jun 27, 2023 (Getty Images) “What happens if I skip a mortgage payment?” is one of those questions we hope you never have to ask, but life is unpredictable. Sometimes no matter how carefully you plan, you may find yourself short on the [...]
What is an Assumable Mortgage? Major Savings if Your Loan Makes the Cut
By Cathie Ericson Jun 21, 2023 (Getty Images) True to its name, an assumable mortgage a type of home loan where the buyer takes over the seller’s mortgage, rather than applying for a new loan. Assumable mortgages offer an array of advantages over traditional loans, but [...]
10 Steps to Buying a New-Construction House: A Guide for First-Time Homebuyers
By Kimberly Dawn Neumann Jun 19, 2023 (Getty Images) While buying most things in life is a fairly simple process of adding to cart and ponying up a credit card, buying a home is understandably a bit more involved. And if the home you’re hoping to buy is [...]
What Credit Score is Needed to Buy a House?
By Angela Colley Jun 21, 2023 (Photo-Illustration by Realtor.com; Source: Getty Images) If you’re wondering what credit score is needed to buy a house, it’s important to remember that the minimum score varies from lender to lender. If you have a good credit score, you should be able to get [...]
