Buying a home can be a nerve-racking experience, especially if you're a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complicated and fraught with unfamiliar lingo and surprise expenses. To make the first-time home buying journey a little less stressful, NerdWallet has compiled these 25 tips to help you navigate the process more smoothly and save money. 1. Start saving for a downpayment early It's common to put 20% down,

The bridge loan is back. While the details of a bridge loan vary by lender, they allow a homeowner to buy a new home before selling their current home. Under a new version announced by Third Federal, for example, an owner's existing home payment is eliminated during the process. "The new mortgage product, a bridge loan, is designed to be a link, or bridge, between selling a borrower's current home and purchasing their next home," Third Federal said in a statement announcing t

Saving up for a downpayment is the biggest hurdle for many would-be homebuyers, particularly those looking to make the leap from renting to owning. More than two-thirds of renters consider setting aside money for a downpayment the No. 1 obstacle to buying a home, according to a recent survey by real estate data provider Zillow. That edged out other concerns, including job security and a thin supply of homes on the market. While there are home loans that require as little as 3

NEW YORK – May 10, 2017 – If you're looking for a mortgage, there's one less reason to walk into a bank these days. Alternative mortgage lenders "non-bank companies without customer deposits" are transforming the mortgage industry. Their goal: to offer mortgage rate transparency and help you complete the home loan process quickly, efficiently and mostly (if not completely) online. The biggest banks, once major players in the $1.5 trillion mortgage industry, have backed away f

Did you know? With many available programs, you may not even need money for a down payment. Contact us today to get you started on your stress free path to home ownership! #TipsTricksTrends #HomeBuying #Mortgages