Tag: home loan

3 Points to Consider before Applying for a Housing Loan


3 Points to Consider before Applying for a Housing Loan


So, you’re now considering buying a new home for your family. While this is probably one of the biggest purchases you would make, it’s advisable to assess the situation so you can make smarter decisions. Most home buying transactions today are usually done through bank financing or a housing loan. […]

Common Regulations When Using Gift Money As Down Payment

Common Regulations When Using Gift Money As Down Payment

Is the burden of a down payment stopping you from buying your first home? If saving up enough cash for it is a challenge, perhaps you should consider asking for help. Your relatives might be willing to give you a gift that could serve as your down payment. If so, […]

Why a 30-Year Fixed Rate Home Loan Might Not Be Right for You

Why a 30-Year Fixed Rate Home Loan Might Not Be Right for You

The standard 30-year fixed rate home loan has been the “IT” home loan for many American borrowers since the 1950s. But why is this exactly? You will be paying off your mortgage for a longer time and a fixed interest and principal you will repay every month, meaning that it […]