Yahoo Personal Finance: Mortgage Purchase

Mortgage Purchase

What if you can't afford closing costs? 6 ways you can still buy a home.

If you can’t afford closing costs, you can waive or avoid up-front expenses so you can still buy a home. Decide which strategies are best for you.

Yahoo Personal Finance yesterday
Real estate agent fees: What percentage do Realtors get?

Real estate agent fees are a closing cost for both the buyer and seller. You can negotiate your commission for Realtors. Learn how agent fees could affect you.

Yahoo Personal Finance 2 days ago
Seller concessions: An inside look at a powerful real estate negotiating tool

Seller concessions are incentives sellers give home buyers, such as money toward closing costs or repairs. Learn how concessions can benefit both parties.

Yahoo Personal Finance 6 days ago
7 strategies for reducing closing costs

There are many ways to reduce closing costs, such as using lender credits or negotiating. Learn about your options for lowering closing costs to find the best fit.

Yahoo Personal Finance 8 days ago
How recording fees work and how much they cost

Recording fees cover entering your house deed and other real estate documents into the public record. Learn how much you could pay in recording fees.

Yahoo Personal Finance 14 days ago
Mortgage Loan Estimate: How it works and how to read it

A Loan Estimate is a document a lender gives you after you’ve applied for a mortgage, explaining the potential terms and costs. Learn how to read a Loan Estimate.

Yahoo Personal Finance 15 days ago
Can you buy a house with no credit? Yes — here's how.

You can buy a house with no credit history, but you need to be strategic. Search for the right lender and type of loan. Learn how to buy a house with no credit.

Yahoo Personal Finance 16 days ago
How to build a new house with a USDA construction loan

USDA construction loans help low-to-moderate-income borrowers build homes in rural areas with only one set of closing costs. Find out whether you qualify.

Yahoo Personal Finance 16 days ago
Are closing costs tax deductible?

Closing costs can be expensive, but some are tax deductible. Learn which closing costs are deductible when you file your taxes and how these deductions work.

Yahoo Personal Finance 20 days ago
Closing Disclosures: What they are and why they matter

Your mortgage lender will give you a Closing Disclosure three days before closing, which explains your loan terms and costs. Learn how a Closing Disclosure works.

Yahoo Personal Finance 21 days ago
Property survey: Process, costs, and how to read the report

A property survey establishes your land’s boundaries, and many lenders require one when you buy a house. Learn how to get a survey and how much it costs.

Yahoo Personal Finance 22 days ago
How to buy a house without a Realtor

To buy a house without a Realtor, you’ll need to keep up with market trends and negotiate the offer contract yourself. Learn how to buy without an agent.

Yahoo Personal Finance 23 days ago
How long is mortgage preapproval good for?

A mortgage preapproval usually lasts for at least 30 days, sometimes longer. Learn how preapproval works and what to do if yours expires before you buy a home.

Yahoo Personal Finance 27 days ago
What documents do I need for mortgage loan preapproval?

When you apply for mortgage preapproval, you need documents showing your identity, income, assets, and debts. Learn how to prepare for a preapproval application.

Yahoo Personal Finance 28 days ago
Mortgage lender fees: How they differ from other closing costs

Mortgage lender fees are paid to the lender rather than third-party companies. Examples might be application or underwriting fees. Learn how lender fees work.

Yahoo Personal Finance 28 days ago
What is a mortgage application fee, and do you have to pay it?

A lender may charge a mortgage application fee when you submit your final loan application. Find out whether you have to pay a mortgage application fee.

Yahoo Personal Finance 29 days ago
How to buy a foreclosed home

Buying a foreclosed home can be more affordable and faster than purchasing a traditional house, but there are challenges to consider. Learn how the process works.

Yahoo Personal Finance 30 days ago
Real estate contingencies: What they are and how they protect buyers

Real estate contingencies help home buyers withdraw from the transaction without facing penalties. Find out which contingencies you can include in your offer.

Yahoo Personal Finance last month
Does mortgage preapproval hurt your credit score?

Mortgage preapproval does hurt your credit score, but it’s a relatively small hit that doesn’t last too long. Learn how to minimize the damage to your score.

Yahoo Personal Finance last month
Cash to close: What you'll owe on closing day

Cash to close is the total amount you owe on closing day, including your closing costs, down payment, and other fees. Learn how to calculate your cash to close.

Yahoo Personal Finance last month
What is a VA construction loan, and how does it work?

Active military members and veterans can finance the construction of their homes with VA construction loans. Find out if you qualify for a VA construction loan.

Yahoo Personal Finance last month
What is per diem interest when closing on a house?

Per diem interest is the daily rate you pay on your mortgage loan, and it’s included in your closing costs. Learn how to calculate your per diem interest.

Yahoo Personal Finance last month
How to use an FHA construction loan to build your dream home

FHA construction loans help you afford to build your own house or buy a fixer-upper. Find out how to qualify and apply for a construction loan backed by the FHA.

Yahoo Personal Finance last month
Seller credits: What they are and how they work

With a seller credit, the current homeowner gives the buyer money to apply to closing costs. Learn how seller credits can make homeownership more affordable.

Yahoo Personal Finance last month
How a property title search works when buying a house

A title search ensures the current homeowner has the legal right to sell the property to a buyer. Learn what to expect with a title search.

Yahoo Personal Finance last month
What to know about using gift money for a down payment

You can receive gift money for your down payment on a house, but you must follow certain rules and provide a gift letter. Here’s how a down payment gift works.

Yahoo Personal Finance last month
What is a down payment, and how does it work?

A down payment is the money you pay up-front when buying a house. Then, you’ll borrow the rest with a mortgage loan. Learn more about how a down payment works.

Yahoo Personal Finance last month
How to use an FHA 203(k) loan to renovate a home

An FHA 203(k) loan helps you buy a fixer-upper or renovate a home you already own. Learn about the two 203(k) loan types and how to qualify.

Yahoo Personal Finance last month
Zero-down mortgage: How to buy a house with no down payment

A zero-down mortgage helps you buy a home sooner, but there are trade-offs. Find out if you qualify for zero-down loans or any low-down-payment alternatives.

Yahoo Personal Finance last month
The average down payment on a house in 2024

The average down payment on a house depends on your location and whether you’re a first-time or repeat buyer. Find the average down payment in your area.

Yahoo Personal Finance last month
Types of FHA loans: Your options and how to choose a program

There are many types of FHA loans, from energy-efficient mortgages to condo-approved loans. Find the best FHA loan program for buying or refinancing your home.

Yahoo Personal Finance last month
FHA loan limits in 2024: How much can you borrow?

The FHA loan limits for 2024 depend on your location and how many units a home has. Find out how much you can borrow with an FHA mortgage loan.

Yahoo Personal Finance last month
How long it takes to close on a house — and how to speed up the process

Closing on a home usually takes roughly 40 days, but it depends on various factors. Based on your situation, find out how long it can take to close on a house.

Yahoo Personal Finance last month
What are the conforming loan limits for 2024?

The conforming loan limits for 2024 refer to how much you can borrow without needing a jumbo loan. Find out what the loan limit is where you live.

Yahoo Personal Finance 2 months ago
How much are real estate attorney fees, and what do they cover?

Real estate attorney fees may be on your list of closing costs. You could pay an hourly or flat fee. Learn more about how real estate lawyers protect you.

Yahoo Personal Finance 2 months ago
How does an energy-efficient mortgage work?

An energy-efficient mortgage lets you roll the cost of energy-saving home improvements into your mortgage when you buy or refinance. Find out how EEMs work.

Yahoo Personal Finance 2 months ago
What is an HOA transfer fee, and who pays for it?

An HOA transfer fee may be on your list of closing costs if you move into a community with a homeowners’ association. Learn whether you’ll have to pay this fee.

Yahoo Personal Finance 2 months ago
FHA loans for manufactured homes: How they work and how to qualify

FHA loans for manufactured homes are available for either just the house or for both the house and the land. Find out if you meet the requirements.

Yahoo Personal Finance 2 months ago
Mortgage brokers: What they do and how much they cost

A mortgage broker helps you shop for the best mortgage lender and type of loan. Learn whether a mortgage loan broker is best for your situation.

Yahoo Personal Finance 2 months ago
What is earnest money when buying a house?

Earnest money is a deposit you put down when making an offer on a home. You typically get the money back after closing. Learn how earnest money works.

Yahoo Personal Finance 2 months ago
How FHA-approved condos work and how to qualify

FHA-approved condos must meet specific requirements, and you can qualify with a 580 credit score and 3.5% down payment. Learn how to buy an FHA-approved condo.

Yahoo Personal Finance 2 months ago
Should you buy a house? How to know if you're ready.

When should you buy a house? The decision mostly comes down to your stage in life, credit score, and savings. Find out if you’re ready to buy a home.

Yahoo Personal Finance 2 months ago
What is a piggyback loan, and when should you get one?

A piggyback loan involves taking out two mortgages when you buy your home. Learn what the requirements are and whether you qualify.

Yahoo Personal Finance 2 months ago
USDA vs. conventional loan: Which is right for you?

USDA and conventional loans differ in many ways, including eligibility requirements, interest rates, and more. Find out which mortgage type is a better fit.

Yahoo Personal Finance 2 months ago
What is a balloon mortgage, and when should you get one?

A balloon mortgage lets you make smaller monthly payments for the first several years, then make one large payment. Learn the pros and cons of these mortgages.

Yahoo Personal Finance 3 months ago
VA loan vs. conventional loan: Which is right for you?

VA and conventional loans have different credit score, down payment, and property requirements. Learn if you should get a VA loan versus a conventional loan.

Yahoo Personal Finance 3 months ago
FHA loan closing costs: What they cover and how much you'll pay

FHA loan closing costs are typically 3% to 4% of your home price, though they vary by lender. Learn what you’re paying for and how to save on closing costs.

Yahoo Personal Finance 3 months ago
What are the requirements for an FHA loan in 2024?

FHA loans have requirements regarding the credit score, DTI ratio, and down payment you need to qualify. Find out if you’re eligible for an FHA home loan.

Yahoo Personal Finance 3 months ago
The pros and cons of FHA loans

FHA loans have pros and cons regarding interest rates, credit scores, and mortgage insurance. Read about the good and bad to decide if an FHA loan is a good fit.

Yahoo Personal Finance 3 months ago
Which is more important, your interest rate or house price?

Which will save you more money: a lower mortgage interest rate or house price? Learn how the two affect each other and which to prioritize when buying a home.

Yahoo Personal Finance 3 months ago

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Mortgage Purchase

What if you can't afford closing costs? 6 ways you can still buy a home.

Real estate agent fees: What percentage do Realtors get?

Seller concessions: An inside look at a powerful real estate negotiating tool

7 strategies for reducing closing costs

How recording fees work and how much they cost

Mortgage Loan Estimate: How it works and how to read it

Can you buy a house with no credit? Yes — here's how.

How to build a new house with a USDA construction loan

Are closing costs tax deductible?

Closing Disclosures: What they are and why they matter

Property survey: Process, costs, and how to read the report

How to buy a house without a Realtor

How long is mortgage preapproval good for?

What documents do I need for mortgage loan preapproval?

Mortgage lender fees: How they differ from other closing costs

What is a mortgage application fee, and do you have to pay it?

How to buy a foreclosed home

Real estate contingencies: What they are and how they protect buyers

Does mortgage preapproval hurt your credit score?

Cash to close: What you'll owe on closing day

What is a VA construction loan, and how does it work?

What is per diem interest when closing on a house?

How to use an FHA construction loan to build your dream home

Seller credits: What they are and how they work

How a property title search works when buying a house

What to know about using gift money for a down payment

What is a down payment, and how does it work?

How to use an FHA 203(k) loan to renovate a home

Zero-down mortgage: How to buy a house with no down payment

The average down payment on a house in 2024

Types of FHA loans: Your options and how to choose a program

FHA loan limits in 2024: How much can you borrow?

How long it takes to close on a house — and how to speed up the process

What are the conforming loan limits for 2024?

How much are real estate attorney fees, and what do they cover?

How does an energy-efficient mortgage work?

What is an HOA transfer fee, and who pays for it?

FHA loans for manufactured homes: How they work and how to qualify

Mortgage brokers: What they do and how much they cost

What is earnest money when buying a house?

How FHA-approved condos work and how to qualify

Should you buy a house? How to know if you're ready.

What is a piggyback loan, and when should you get one?

USDA vs. conventional loan: Which is right for you?

What is a balloon mortgage, and when should you get one?

VA loan vs. conventional loan: Which is right for you?

FHA loan closing costs: What they cover and how much you'll pay

What are the requirements for an FHA loan in 2024?

The pros and cons of FHA loans

Which is more important, your interest rate or house price?