How Large A Down Payment Do I Need?

  There are mortgage options available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you remember later – but, the larger the down payment, the less you have to borrow, and the more...

Are There Special Mortgages For First-Time Homebuyers?

  Yes. As the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past. Lenders may now be able to help borrowers who don’t have a lot of...

What Are “Home Warranties”, And Should I Consider Them?

  Essentially, home warranties offer you protection for a specific period of time, such as one year, against potentially costly problems such as unexpected repairs on appliances or home systems, which are not covered by homeowner’s insurance. Warranties are...

What Is Earnest Money, And How Much Should I Set Aside?

  As the video shows, “earnest money” is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith, and is usually between 1-5% of the purchase price, though the amount can vary with local...

What About A Home Located In A Flood Plain?

  A flood plain is an area of land that is adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense. If you live in a flood plain, lenders will require that you have flood insurance before...