Mortgage & Financing

Financing your next home doesn't have to be stressful. We've done the research to help you understand how mortgages work and how to get your finances in shape.

8 common mortgage scams — and how to spot them
Mortgage & Financing
8 common mortgage scams — and how to spot them

If you're choosing a home loan or considering a refinance, there's a lot of money at stake, so it's very important to be on your guard against mortgage scams.

Refinancing a VA loan: What are your options?
Mortgage & Financing
Refinancing a VA loan: What are your options?

Buying a house with a government-backed VA loan is a smart decision if you qualify, but what happens if you want to refinance? Here are your best options.

How Soon Can You Refinance After Buying a House?
Mortgage & Financing
How Soon Can You Refinance After Buying a House?

Depending on the type of loan you have, you may be eligible to refinance as soon as you close on your home.

Can You Buy a Home Using a Personal Loan?
Mortgage & Financing
Can You Buy a Home Using a Personal Loan?

While personal loans are much flexible, they usually come with higher interest rates, shorter repayment terms, and smaller loan amounts than mortgage loans.

How to Build Equity in Your Home
Mortgage & Financing
How to Build Equity in Your Home

In this article, we'll cover what home equity is and how to calculate it. We'll also talk about the reasons home equity can go up or down.

Lender Credits and Discount Points: How Do They Work?
Mortgage & Financing
Lender Credits and Discount Points: How Do They Work?

Let's cover how discount points and lender credits for your mortgage work, as well as explore situations where it makes sense to choose one over the other.

What to Do If Your Mortgage Becomes Unaffordable
Mortgage & Financing
What to Do If Your Mortgage Becomes Unaffordable

An unaffordable mortgage puts you in a vulnerable position, but there are ways forward if you stay in touch with your mortgage servicer.

Can You Get a Home Loan If You Owe Taxes?
Mortgage & Financing
Can You Get a Home Loan If You Owe Taxes?

While tax debt doesn’t make buying a home impossible, it does make the process more difficult. Let’s examine your options for buying when you have back taxes.

What Is a Down Payment — And What Should Yours Be?
Mortgage & Financing
What Is a Down Payment — And What Should Yours Be?

Before you start a mortgage application, you should understand how a down payment works and know what amount of money would be reasonable to put down.

Getting Your Mortgage From Preapproved to 'Clear to Close'
Mortgage & Financing
Getting Your Mortgage From Preapproved to 'Clear to Close'

Applying for and closing on a mortgage is a lengthy process, and there are many hurdles to keep an eye out for on your way to finalizing a home purchase.

What Types of Mortgages Are There — And Which Is Best for You?
Mortgage & Financing
What Types of Mortgages Are There — And Which Is Best for You?

Before shopping for a mortgage, you'll want to think about which kind of home loan you want. You'll likely have a choice between a few different types.

How to Buy a Home With Bad Credit: Your Best Options
Mortgage & Financing
How to Buy a Home With Bad Credit: Your Best Options

Prospective home buyers with bad credit can still qualify for mortgages, although the process may play out differently than for buyers with good credit.

The Basics of Home Loans and Mortgages: A Guide for Beginners
Mortgage & Financing
The Basics of Home Loans and Mortgages: A Guide for Beginners

Taking out a home loan, or mortgage, is a long-term financial commitment. Before you apply, learn how different mortgages work, and the process of getting one.

How Does Buying a Home Affect Your Credit?
Mortgage & Financing
How Does Buying a Home Affect Your Credit?

Since most of us need a mortgage to help finance the purchase of a home, it’s important to understand how a mortgage affects your credit score.

The Pros and Cons of Using a VA Home Loan
Mortgage & Financing
The Pros and Cons of Using a VA Home Loan

Recently, home sellers have shied away from accepting offers from buyers using VA loans. Why is that? Let's examine the pros and cons of using a VA home loan.

How Long Does a Mortgage Pre-Approval Last?
Mortgage & Financing
How Long Does a Mortgage Pre-Approval Last?

In this article, we’ll go over common questions about mortgage pre-approvals, including “how long does a mortgage pre-approval last?”

VA Loans in Texas: What You Need to Know
Mortgage & Financing
VA Loans in Texas: What You Need to Know

There are a ton of benefits of VA loans in Texas. Here's a breakdown of Texas VA loans and how they can make homeownership easier and more affordable.

What is a Proof of Funds Letter?
Mortgage & Financing
What is a Proof of Funds Letter?

It’s no secret that buying a home requires quite a bit of paperwork. Here is a break down of what a Proof of Funds Letter is and what counts as Proof of Funds.

The True Cost of Selling a House
Mortgage & Financing
The True Cost of Selling a House

If you’re selling your house, you’re probably wondering how much you’ll make, but how much the home sale could cost? Learn the true costs of selling a home.

What is An Earnest Money Deposit?
Glossary
What is An Earnest Money Deposit?

One real estate element that many of us tend to forget is the earnest money deposit. Whether you’re a buyer or seller, here’s what you’ll want to know.

How Do Mortgages Work?
Mortgage & Financing
How Do Mortgages Work?

Although mortgages are very common, they can get pretty confusing. Here’s an overview of how mortgages work to help you jumpstart your home buying journey.

Selling a House with a Mortgage? What You Need to Know
Preparing to Sell
Selling a House with a Mortgage? What You Need to Know

Are you planning to sell your home with a mortgage this year? Here are the most common questions you should know about selling a house with a mortgage.