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

Tax Bill's Housing Market Impact Written by John Giaimo Realty Times Publisher

The recently signed "One Big Beautiful Bill Act" is expected to have a mixed impact on consumer home buying and selling, with some provisions favoring certain segments of the market more than others. Here's a breakdown of how it might affect consumers: Positive Impacts for Some Homeowners and

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