Buying a home in foreclosure represents an exciting opportunity to buy a home, offering a potentially lower purchase price compared to traditional real estate transactions. However, it also comes with its own set of unique risks and challenges. In this article , we’ll explore everything you need to know before making a purchase, ensuring you make an informed decision, including which types of mortgages you can use to buy a home on foreclosure.

Watch a recording of our Mortgage 101 Webinar!

If you're considering investing in real estate, you might be wondering, "Can I buy a duplex with an FHA loan?" The Federal Housing Administration (FHA) loan program is an attractive option for many first-time homebuyers and investors alike. In this article, we'll explore the ins and outs of purchasing a duplex using an FHA loan, the eligibility criteria, benefits, and the step-by-step process to help you make an informed decision.

Buying a home is a big deal, and for many first-time buyers, the idea of purchasing a house sight unseen can feel daunting. However, in a post-pandemic era and with competition starting to react to falling interest rates, this approach is becoming more and more popular. It offers the chance to secure a home in a competitive market, but it also comes with its own set of challenges. Let’s explore what you should consider if you’re thinking about making a sight-unseen purchase.

When it comes to making big financial decisions, one question many people grapple with is: "Should I buy a house or a car first?" This is especially common during significant life changes like graduating, starting a new job, or planning for a family. The choice between these major assets can impact your overall financial health, including your debt levels and future borrowing potential. In this article, we'll explore the factors that influence whether to buy a house or a car first. We’ll also break down mortgage options like conventional vs. FHA loans, discuss the importance of your debt-to-income (DTI) ratio, and help you determine how much home you can afford, all while keeping an eye on mortgage rates.

Buying your first home is an exciting milestone, but it comes with a unique set of considerations, especially when it comes to properties governed by a Homeowners Association (HOA). Understanding how HOAs work, the associated fees, and their regulations is crucial for making an informed decision. In this comprehensive guide, we’ll cover everything you need to know about HOAs, including whether HOA fees are deductible, how HOAs function, and the average HOA prices you can expect.

Buying a home for the first time is an exciting milestone. As a first time homebuyer, there are a handful of financial benefits and tax deductions available to you that can make a big difference in your home affordability. In this comprehensive guide, we’ll explore the various deductions and tax breaks for first-time homebuyers, focusing on HOA fees, eligibility criteria for being considered a first-time homebuyer, and other potential savings.

When it comes to buying your first home, understanding the different types of mortgage options available to you can make a significant difference in your financial future! One popular option for frist time homebuyers is the FHA loan, a type of government-backed mortgage insured by the Federal Housing Administration (FHA). This article will delve into the pros, cons, and exceptions of FHA loans to help you determine if this mortgage option is right for you.

Buying a home is a significant milestone, and understanding what you can afford is crucial to making an informed decision. If you earn $90,000 annually and are considering a down payment of 5%, you’ll need to factor in your Debt-to-Income (DTI) ratio to determine the price range of a home you can comfortably afford. In this article, we’ll break down how to calculate your home affordability and ideal home price, taking into account a 35% DTI ratio and a 5% down payment.

Purchasing a home is a significant milestone, especially for first-time buyers! A key decision in this process is whether to opt for a new construction home or an older property. Both options come with their own set of advantages and disadvantages. This comprehensive guide will explore the pros and cons of buying new construction versus an older home to help you make an informed decision.