The vast majority of home buyers don't pay cash for the entirety of the property, but take out a loan from a bank or other institutional lender. Find out how to research options and qualify for the best available home mortgage.
If you are looking for more general information on mortgages check out our page on Understanding Mortgages & The Major Players in a Foreclosure.
Five Reasons to Make a Large Down Payment
If you can go higher than 20%, there are some excellent reasons to do so.
Key Steps in Making an Intrafamily Reverse Mortgage Loan
Let’s say you and perhaps other members of your family are interested in setting up a reverse mortgage loan for another family member.
Sample Gift Letter for Use When Taking Out a Home Loan
Your bank needs a written letter to prove that money gifted to you for a house purchase is in fact a gift, not a loan.
Buying a House Near Retirement Age: Should I Take Out Mortgage or Pay All Cash?
Borrowing to buy a home involves risk at any age, but the risk is magnified when one is close to retirement. That’s why determining the right amount of risk for you is key.
Mortgage Rate Locks: How They Work
When considering a mortgage rate lock, get the terms and time frame you need.