
What is an alienation clause?
It’s the reason your mortgage lender gets paid back first from your home sale’s proceeds.
“If you want to leave renting behind, take advantage of all available resources to get the best possible deal on a home.”
— Ruben Caginalp
Ruben Çağınalp is an associate writer on Bankrate’s Home Lending team. A graduate of Fordham University, he began his professional career with Bankrate in January 2022, where he now covers the housing market, real estate and mortgages. He specializes in exploring topics that empower consumers to build wealth and stability, like preparing to apply for a mortgage and comparing rate offers.
As a college student, Ruben interned as an LGBTQ+ civil rights paralegal, completed three university research fellowships and published his work in undergraduate research journals.
When he’s not working, Ruben enjoys long walks, reading books and traveling.
Homeownership is a more attainable goal than you think. There are a range of mortgages available to borrowers of varying incomes and financial means, including zero-down loans. You should also find out if you qualify for first-time homebuyer programs. Offered by city, state and federal government agencies as well as nonprofits, these initiatives could offer you thousands in gift aid or forgivable loans towards the purchase of your first home. You can also save big in the long run if you shop around and compare rate offers from at least three different lenders.
“If you want to leave renting behind, take advantage of all available resources to get the best possible deal on a home.”
— Ruben Caginalp
It’s the reason your mortgage lender gets paid back first from your home sale’s proceeds.
Homebuyers and sellers are both responsible for some form of closing costs.
FHA loans can help borrowers with less-than-ideal credit and cash. But they aren’t perfect.
The Lone Star State is a popular place to move.
It’s possible to sell your Ohio home without an agent, but it’s a lot of work.
Home prices have risen for eight consecutive months.
Many offer, but few are chosen: How to evaluate a VA lender’s service record.
All-in, utilities might cost more than you think.