Financing

A loan, all cash, on contract, a gift ... there are lots of ways to finance your new home and make that dream come true.

Buying a home Many home financing options are available to seniors   Understanding the financial landscape is crucial for seniors who are looking to buy their next home. Seniors face distinct challenges and opportunities regarding financing, whether they’re purchasing a new property or accessing the equity in their current one. There are a variety of lending and funding solutions available to seniors. Some options support new […]
Buying a home These nine tips may help seniors when buying a house For many seniors, it may have been decades since their previous experience in purchasing real estate. Before getting too far into the process, reviewing these tips may make for a more enjoyable experience. Document and Verify Retirement Income Lenders evaluate retirement income ­(Social Security, pensions, retirement-account withdrawals) differently from traditional salaries. Be prepared to provide […]
Buying a home Seniors may have misconceptions about financing home purchases Misconceptions about home-purchase financing can prevent seniors from exploring the best financing options or result in financial decisions that may be less than optimal when buying a home. Misconception: Age-based lending discrimination is legal. Reality: Some people believe lenders can reject mortgage applications based on age. The Equal Credit Opportunity Act prohibits age discrimination in […]
Buying a home Which down payment strategy is right for you? Getting ready to buy your dream home can come with two less dreamy words: down payment. For years, the standard guidance has been “save for a 20-percent down payment before you buy a home.” The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save […]
Buying a home You like the price, but does the appraiser? You’ve found your dream home and now it’s time to cross all your T’s and dot all your I’s before it’s all your own. And one of the first items on the closing checklist is the home appraisal. So, what exactly is that? The listing price is based on a market analysis done by a […]
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