Category: Mortgage
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How Much Is the First-Time Homebuyer Down Payment?
Stepping into the world of homeownership can be thrilling. But it can also be a tad overwhelming — especially when figuring out the initial cash you’ll need. Typically, a first-time homebuyer down payment hovers around 6% of the new home’s purchase price. This blog walks you through the ins and outs of down payments, offering…
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6 Steps to Getting an FHA Construction Loan
Building a dream home can be daunting, especially when it comes to financing. An FHA construction loan offers a pathway to turn those dreams into reality, with easier qualifications and low down payments. This post will guide you through the six essential steps you can take to secure an FHA construction loan, from pre-qualification to…
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FHA Loan Down Payment and Closing Costs
Buying a home for the first time is one of the biggest decisions you’ll ever make — which is why it’s so important to learn about FHA loan down payment and closing costs. After all, becoming a homeowner is a massive investment, and the journey to homeownership includes all kinds of twists and turns —…
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Monthly Mortgage Payment
What is included in a total monthly mortgage payment? When you rent a home or apartment, you probably don’t think twice about where your monthly payment goes. You give your landlord a check, they cash it, and everyone sleeps soundly. But since you’re about to experience homeownership, you need to change the way you think…