|
Your house-shopping guide!
Thinking about buying a new house
this year? Before you fall in love with a house or neighborhood,
save yourself some heartache by doing a little homework. Here are
some financing options and tips for finding the best mortgage for
you.
Coming
up with a down payment is getting easier
Lenders and nonprofit companies are working on ways to reduce the
biggest obstacle to homeownership.
What
is an escrow account?
If you get a fixed-rate mortgage,
does that mean your monthly payment will always be the same? Unfortunately,
no. Welcome to the wonderful up-and-down world of escrow.
Private
Mortgage Insurance isn't always a must
Dr. Don explains how to structure your mortgage to avoid paying
the costly PMI.
Look
Ma, no mortgage!
Just because you can't get a loan from a bank doesn't mean
you can't buy a home. There are several non-traditional purchase
plans, but you need to watch your back!
State
help for mortgage buyers
Check out your state housing finance agency to see if you qualify
for cost-saving benefits such as lower rates, reduced closing costs
and more.
10
tips for mortgage shoppers
Before you head out the door to shop, check out the Dollar Diva's
crash course for understanding the mortgage process.
Posted: Jan. 19, 2001
|
