Prepare to Purchase Your Home

Prepare to Purchase Your Home

Here are the main costs to consider when saving for a home: Figure out how much you can safely spend on a house before starting to shop. NerdWallet’shome affordability calculator can help with setting a price range based on your income, debt, down payment, credit score, and where you plan to live. Your credit score will

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Qualifications For First-Time Buyers

Qualifications For First-Time Buyers

Who is a first-time buyer of a home? According to the U.S. Department of Housing and Urban Development (HUD), a first-time homebuyer is someone who meets any of the following conditions: That broad definition could make it easier for you to qualify as a first-time buyer and enjoy some of the associated benefits that go along with

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Loan Checklist

Loan Checklist

Your social security number□ Your tax returns for the past two years□ Bank statements for the past two months□ Investment account statements for the past two months□ Life insurance policy□ Retirement account statements for the past two months Make and model of vehicles you own and their resale value□ Auto loan account information□ Personal loan

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What is the difference between a mortgage broker and a mortgage lender?

What is the difference between a mortgage broker and a mortgage lender?

A lender is a financial institution that makes loans directly toyou. A broker does not lend money. A broker finds a lender. Abroker may work with many lenders.Whether you use a broker or a lender, you should always shop around for the best loan terms and the lowest interest rates and fees. How can I

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