What is a starter home? How can you finance this type of property? What goes into your decision when buying one? All these questions concerning starter homes deserve an article. In all fairness, buying a starter home is like buying any other home. You look for it and at the same find a suitable mortgage, make an offer, and work toward closing the transaction. There are … [Read more...] about Starting Out With a Starter Home: Some Considerations for You to Look Into
HomeFundMe is a platform that allows potential homebuyers to crowdfund their down payment. More recently, it launched a portal where employers can pitch in their employees’ crowdfunding venture. Crowdfunding is just one among many modern-day methods to overcome the down payment hurdle. HomeFundMe has combined this with contribution matching so an eligible homebuyer can raise … [Read more...] about Need Help With Your Down Payment? This Crowdfunding Site Might Get You Started
The funding will go to 32 local housing programs supporting more than 4,000 low-income individuals with HIV/AIDS and their families who may be at risk of homelessness, according to HUD’s statement. The Housing and Urban Development renewed its support for people with HIV/AIDS by allocating $37 million for housing and supportive assistance for this “vulnerable” … [Read more...] about HUD Allocates $37 Million to Support Housing for People With HIV/AIDS
Borrowers of FHA loans can look forward to higher borrowing limits in 2018. The Federal Housing Administration recently announced an increase in FHA loan limits for its insured forward and reverse mortgages in most counties in the U.S. by $18.5K and $43.5K, respectively. The 2018 FHA loan limits for one-unit homes, for instance, now range from $294,515 to $679,650. Senior … [Read more...] about 2018 FHA Loan Limits: Higher Limits for Forward and Reverse Mortgages
$1.36 trillion. That’s the nationwide student loan debt level as of the third quarter of 2017. One solution to eliminate this debt hits a little close to home. Around this time last year, Fannie Mae and SoFi teamed up to offer cash-out refinance loans to homeowners with student loans. Cash-out refinancing generally works to consolidate the student loan debt with the mortgage … [Read more...] about Should You Consolidate Your Student Loan Debt With Your Mortgage?