To establish credit individually for the first time, start small and build up.
Buying a new home is exciting, but it can also feel a bit overwhelming, especially when it’s time to choose a mortgage. The good news is doing a little prep work before house hunting makes the financing portion a lot less stressful. And these days, who doesn’t want less stress?
Wondering where to find extra funds to cover large or unexpected costs? A smart way many homeowners deal with financial challenges is by tapping into the equity in their home. You can do this through a mortgage refinance, or a home equity loan or line of credit.
When it’s time to buy a house many prospective homebuyers face a common challenge. They can afford the monthly mortgage payments but are hard-pressed to save the 20% down payment most people think they need. It can be a frustrating situation.