How much is a down payment for a house? If you’ve dipped any toes into the water of homeownership, you have probably asked yourself this question. Making a down payment on a home is an important step, but it can…

Two of the biggest questions we hear when it comes to the housing market these days: Can millennials buy homes? Are millennials buying homes? Short answer: yes, they can, and yes, they are. Millennials, the generation defined as those born…

It’s no secret that one of the biggest challenges in getting approved for a home mortgage loan is coming up with that hefty down payment. Traditional down payments of 5%, 10% and even 20% cost would-be homebuyers a lot of…

A land lease, or ground lease, is a agreement in which a lessee owns entities or improvements in a designated area, but doesn’t own the actual land. This is popular in commercial properties, beach-front properties and mobile home parks. A…

A high-balance loan — also referred to as a conforming high-balance loan or a super-conforming loan — is given to home buyers in high-income areas. It exceeds national conventional loan limits but meets local loan limits. Unlike jumbo loans, high-balance…

When shopping for a mortgage, you should first understand the two main options that are available: fixed-rate mortgages or adjustable-rate mortgages. Adjustable-rate mortgages are known for their low initial costs, while fixed-rate mortgages have a reputation for providing borrowers with…