FHA 203(K) Loan vs Fannie Mae HomeStyle Renovation Loan

Both the FHA 203(K) loan and the Fannie Mae HomeStyle Renovation loan are top contenders for being the best possible loans for getting work done on a home without having to take out a second mortgage.

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Bad Credit Series: Buying a Home After Bankruptcy

It is possible to buy a home even if you’ve filed for bankruptcy. It may not always be as easy as it would have been without the bankruptcy, but you shouldn’t have to give up your dream of home ownership just because you’ve had financial issues in the past.

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Why Fixed-Rate Mortgages Are Better than ARMs for First-Time Homebuyers

If you’re looking to buy your first home, there are several options you can explore. You could write a huge check and buy the house outright, but if you’re like most people, you’ll probably need a mortgage. When it comes to borrowing money to buy a home, loans come in a variety of sizes and with a plethora of terms.

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First-Time Home Buyer Grants

Buying a home is a way to put down roots in a neighborhood and start building financial stability. It provides a roof over your head (and your family’s heads) as you pay down your mortgage and build equity for the future. Unfortunately, it’s not always easy for prospective buyers to save the amount of money needed for a down payment and closing costs.

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Don't Break the Bank: 10 Thrifty Holiday Decor Ideas for Fall, Christmas, and Beyond

If you’re like the team here at home.loans, you don’t want to spend a boatload of hard-earned money on decorations that you’ll only use once a year.

Don’t get us wrong -- we love the holidays. And decorating for Thanksgiving, Christmas, and beyond is a great way to get the kids away from their screens, enjoy a change of pace, and even alleviate the winter blues (science has shown us that putting up holiday decorations early has incredible mood-boosting powers).

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Future Homeowner’s Guide to the 5/1 ARM

If you’ve started looking for a home, there’s a good chance that you’ve heard about the 5/1 adjustable-rate mortgage (ARM). Though adjustable-rate mortgages were once the bane of Realtors and homeowners across the country, the loans have slowly started coming back en vogue. Just because they’re becoming a bit trendier these days doesn’t mean that you should run out and get one without knowing what you’re getting into, of course.

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7 Creative Ways to Fund Your Next Big Home Improvement Project

A big home improvement project can have an equally big impact on your life and the value of your home. But there’s always the money hurdle: funding a renovation (especially a big one, like a new roof, a landscaping makeover, or a new kitchen) can feel close to impossible, especially if you’re a new homeowner.

Here are seven options you may not have considered for funding your next home improvement project, so you can get past your budgetary challenges and start getting your hands dirty.

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5 "Haunted" Homes for Sale Right Now

This time of year is just right for a few great scares and, who knew, possibly buying a new home. But ‘tis the season to be scary, so allow us to show you 5 “haunted” houses currently on the market.

Buyers beware, these homes are said to still be occupied - and not by the living. If you’re interested in snagging some prime (and terrifying) real estate, this is the article for you.

Read on, if you dare…

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Positive Equity Isn't Always a Positive Thing

“Average homeowner gained $16,000 in home equity in 1 year.” That’s not a clickbait headline, it’s from Housing Wire, a publication of note for the mortgage industry.

If you’ve read many of these columns, you know that I’m a veteran of the real estate crash. Or, maybe I contributed to it… it all kind of depends on your point of view, I guess. Anyway, as I read further into this article, I learned that negative equity (also known as being “underwater”) fell another 9%, leaving only 4.3% of mortgaged homes underwater nationally.

Obviously, this is incredible news for people who own houses already, not such great news for people looking to buy a house right now…

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Surviving the Financial Storm After a Hurricane

By the time this blog publishes, Hurricane Florence will have already come and gone, but for the people who were in her wake, the real struggle has only just begun. Even a Category 1 hurricane can make a huge mess, dump buckets and buckets of water on soil that’s already saturated (a huge problem for a building's foundation) and destroy the morale of an entire state.
But it’s not really the hurricane that’s the worst part of it. It’s the after days. It’s figuring out how to move forward when your life is flipped completely upside down.

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Everything You Need to Know About Doctor Home Loans

Doctors get all the good stuff: highly communicable diseases, giant student loan debt, and around-the-clock work responsibilities. In seriousness, doctors are heroes -- and mortgage lenders have caught on that student loan debt can be incredibly crippling to doctors when it comes to obtaining a home loan.

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E-Loans and You

We all like to talk about how terrifying that a rise in interest rates can be for a potential borrower, but there’s something a lot more horrifying that we don’t usually talk about: mortgage paperwork. Yeah, I said it. All those piles of pulp, some in multiples, can really add up. That’s why when the idea of e-mortgages was first floated, Realtors, mortgage pros and closers were so very excited.

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Misleading Mortgages and Predatory Lending

Getting your first (or even your second or third) mortgage can be really stressful and confusing. There’s a lot of technical information to absorb in a very small window of time and sometimes that means you’ll miss some of the details. Most of the time, your banker will be happy to fill in the blanks for you, but what do you do if you have a lender who doesn’t have your best interest in mind?

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Read This Before Hiring a Mortgage Consultant

Let’s be honest: it’s tough going it alone. Especially when you’re a home buyer. Wouldn’t it be nice to have someone on your side? Someone to guide you in the right direction when it comes to buying the right house for you — and at the right price, with the right financing and terms?

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Home Loans for the Self-Employed

Being self-employed can be a really great situation for people who need more control over their work environments or who simply work better by themselves. For the most part, it’s just like working other jobs, except that you’re the one making the big decisions. Unfortunately, for a long time a lot of lenders didn’t see it that way -- instead, you were considered a high risk borrower.

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Your Burning Questions About the Fall 2018 Real Estate Market

Even though it’s been a while since I was an active Realtor, I do still keep an eye on the market because I am both a homeowner and a future home buyer. It’s good to know what’s going on when you’re making such a large purchase, but it’s not for everyone. That’s why I’m here to distribute tips and hints and bits and pieces that hopefully help you better understand the whirlwind that is buying a home.

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Fed Plans to Raise Interest Rates Despite Continued Drop in Home Sales

Well, kids, the numbers are in. According to the National Association of Realtors, existing home sales are still down. So far, we’ve had five months of this type of flailing. Reporting by HousingWire states that it’s the slowest pace since February 2016. February: one of the traditionally worst months of the year for selling a house, that’s where we are now.

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American Homebuyers are Rejecting New Adjustable Rate Mortgages

Even as the housing market starts to sort of get back to normal, there are clear signs that we’re not back to business as usual. Last week, the Mortgage Bankers Association shared their weekly round-up for mortgage news and while people are trying very hard to buy, there’s an elephant in the room: the adjustable rate mortgage.

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