In March 2020, the national median listing price for a home was $320,000, according to Realtor.com. That’s not pocket change, so it should come as no surprise that many Americans need to borrow funds to make their dreams of homeownership a reality. Understanding how the mortgage process works can help you avoid costly missteps and …
How to Save for a Down Payment
According to a study published by The Ascent, 56 percent of Americans have $5,000 or less in their savings. When you consider that, it’s easy to see why the prospect of coming up with a down payment can be so daunting for would-be homebuyers. For many people, learning how to save for a down payment is …
Should I Buy a House or Rent One?
It’s a question that many Americans ask themselves: Should I buy a house or rent one? It’s both a lifestyle decision and a financial matter. There are reasonable arguments for either approach, so you’ll want to weigh both aspects of the puzzle carefully to reach a solution that’s right for you.