After 10 years of marriage, I’m still enjoying living in the first home I moved into with my husband. Buying a first home can be one of the most exciting events in a person’s life. Before making this important expenditure, people need to first sit down and determine how they will successfully finance it. After all, a home will likely be the most expensive purchase you make in your life. Talk to a loan officer and determine how much money you can reasonably borrow. Then, decide how much money you want to use as a down payment. You also must decide how many years you will finance your home for. On this blog, you will learn about the process of buying a first home with a loan.
11 January 2022
Did you know that a senior homeowner can get a reverse mortgage that does not need regular payments? This article highlights how reverse mortgages work to access home equity and avoid common pitfalls. What is a Reverse Mortgage? In a reverse mortgage, individuals borrow against the value of their home. However, a reverse mortgage differs from a typical mortgage in terms of payment. Typically, borrowers with a standard mortgage have to pay monthly payments to the lender.