Buying a home that needs renovations can often be a complicated and costly process. Fortunately, there are several ways to finance both the purchase price andthe repairs associated with an older home.
A closed-end second mortgage lets you tap into your home equity in a lump sum. Find out whether a second mortgage is right for you.
As interest rates climb, temporary buydowns have become an avenue that some sellers and buyers may consider. We’ll explore exactly what a 2-1 buydown is, how it works, and the pros and cons to help you make a decision.
When you decide to buy a home, you’ll have to go through an extensive lending process. For many homebuyers, this can be unfamiliar territory, leaving you with questions about the difference between preapproval vs. prequalification. Here’s what you need to know about the preapproval process and how it differs from prequalification.
Home equity borrowing is exploding across the country, thanks to the current housing market. But with multiple options to choose from, you might find yourself wondering which one to apply for — HELOC or home equity loan.