Why Bank Statements Are Needed Written by David Reed

As part of the typical mortgage loan application process, you can bet that you’ll be asked to provide a few things for your lender. For example, the lender wants to verify your monthly income to determine an affordability range. The application has a section on it that asks you how much you make ea

Mistakes Buyers Make When Searching for Their First Home, and How to Avoid Them Written by Jaymi Naciri

Buyer mistake No. 1: Being seduced by the pretty stuff Fresh paint, pretty throw pillows, nice bedding. They're all decoration, and decoration can be dangerous for homebuyers. Don't let it distract you from the house itself. How's the floor plan? Does it work for your family? Is there enough square

Homebuyers’ Down Payments Are Shrinking for the First Time in Almost Two Years as Housing Market Cools Written by Redfin

FHA and VA loans are becoming more common: Just over 15% of mortgaged homebuyers use an FHA loan, and just over 7% use a VA loan, up from last year The typical U.S. homebuyer’s down payment is $62,468, down by roughly 1% year over year, the first annual decline in nearly two years. That’s according

US will see moderating home price growth for rest of year and next, experts forecast By Parker Leipzig of Homes.com

But three markets will continue to experience above-average increases, they tell Fannie Mae.   While home prices have not budged much, remaining on the high end in much of the U.S., housing experts say prospective homebuyers may see some relief in the final months of this year and next.