If you’re shopping for a mortgage, you’ll hear the term PITI. But what does PITI mean, and why does it matter?  Shopping for a mortgage can be confusing because lots of unfamiliar words are often used by your lender or found in financial paperwork. Early on in the process, one of […]

WASHINGTON, D.C., USA — If you’re lucky enough to find the house of your dreams, chances are it’s someone else’s dream home as well. But don’t get discouraged. There are ways to make your offer stand out without breaking the bank. Here are tips from The Mortgage Link. Ask for a […]

Homeownership looks different depending on the person or couple, but for most it’s a way to build wealth. The New York Times Magazine ran a survey in 2017 that found that homeowners are on average 36 times wealthier than renters. It isn’t hard to imagine why when you shift rent payments into […]

It’s hard to imagine a more boring (and dreaded) word than “mortgage.” But if you know where to look, you might find a mortgage that will save you thousands of dollars a year, or qualify for a loan when you didn’t think you could — and that’s exciting. You might […]

Most Americans say they aspire to homeownership. But how do you know if it’s right for you or whether you should continue renting? In this episode, we help you weigh the pros and cons of renting versus owning. 1. The first thing to keep in mind: Owning a home is […]

The journey to buying a house can lead down some perilous roads, past pushy Realtors, self-interested bankers and not-so-meticulous home inspectors. We lay out a step-by-step approach to help you avoid those pitfalls, from what to look for in a house that will truly make you happy to assembling a […]

Buying your first home comes with many big decisions and can be as scary as it is exciting. It’s easy to get swept up in the whirlwind of home shopping and make mistakes that could leave you with buyer’s remorse later. If this is your first rodeo as a homebuyer […]

Most people would buy a home if it weren’t for this one thing Homeownership has long been the American Dream. But for many, it seems that money (or the lack thereof, more specifically) is the only thing standing in the way of that dream. According to a recent survey from […]

Know the true cost of homeownership Think you’re getting a raw deal by renting your digs? The truth is that homeownership will put you on the hook for big-ticket expenses you don’t have as a renter. In addition to your monthly mortgage payment, you’ll also have to pay property taxes, […]

1. Form a relationship with a real estate agent that specializes in properties with land in your area of interest and with a lender that can help you with an appropriate loan. If you are considering a government-sponsored loan like a USDA, Federal Housing Administration or Department of Veterans Affairs […]