Few people who sign a mortgage intend to walk away from it. Still, unforeseen circumstances — huge medical bills, lost jobs, divorce or eroding property values — can overwhelm even the best-intentioned borrower. Missing a house payment by a few days won’t put you in danger of foreclosure. But if […]

Homeownership provides a potential source of borrowing power: Once you build up home equity, you can tap it as a great source of funds when you need money. The equity — the difference between your house’s fair market value and the balance on your mortgage — can offer some of the […]

Plenty of myths circulate about the home buying process. With conflicting pieces of information flying all over the neighborhood, how are you supposed to know what to believe? It’s time to provide some clarity about one of the more misunderstood parts of buying a home: The down payment. If you’re […]

As a buyer, one of the biggest hurdles you’ll be faced with is deciding how much you can spend. On the one hand, you’ll definitely want to make sure that you purchase a home that suits your needs, but on the other, you don’t want to be left feeling “house […]

Want to pocket an extra $1,000 each year? Here are six simple home electric upgrades that save money, make your home more comfortable and help the environment. USA TODAY Whether you give a hoot about the environment or not, it could pay to think about energy efficiency when shopping for […]

Refinancing your mortgage can be a smart move. Sometimes, you can secure a lower interest rate, make your payments more manageable, or even access equity to make improvements or consolidate debt. However, figuring out whether it is the right time to refinance your home isn’t always easy. Interest rates frequently […]

If you have been renting for a while you might be wondering if you’re ready to be a homeowner. David Sant from Cyprus Credit Union stopped by, and said it’s a big step, so you’ll need to ask yourself a few questions to determine if you’re ready or not. If […]

Does FHA have income limits? FHA loan income limits should not worry any borrower. Unlike some mortgage programs, the FHA mortgage program has no income ceiling. If you want an FHA-backed mortgage and you’re named in the wills of the rich and famous that’s okay, you’re welcome to apply. But the […]

Buying a home is a big move, literally and figuratively. Buying a house requires a serious amount of money and time. The journey isn’t always easy. It isn’t always intuitive. But when you get the keys to your new home — that can be one of the most rewarding feelings […]

The latest in entertainment Hide caption Get your finances ready Getting your personal finances in order is a crucial part of a smooth home-buying process. Now’s the time to figure out what price range is affordable for you, how large a down payment you can make and whether you’ll need […]