Yahoo Personal Finance: Mortgage Purchase

Mortgage Purchase

Learn how to pick a home loan lender. To choose a mortgage lender, know which type of loan you want and what questions to ask, then apply for preapproval.

6 steps to choosing the right mortgage lender

Learn how to pick a home loan lender. To choose a mortgage lender, know which type of loan you want and what questions to ask, then apply for preapproval.

Yahoo Personal Finance 5 days ago

What is pocket listing in real estate, and how does it affect buyers and sellers?

What is pocket listing in real estate, and how does it affect buyers and sellers?

A pocket listing is a home that is for sale but not available to the general public. Select buyers can view the house. Learn how to buy or sell a pocket listing.

Ask a Realtor: We're relocating for retirement. Should we buy a house or rent first?

Ask a Realtor: We're relocating for retirement. Should we buy a house or rent first?

A reader is moving out of state for retirement and wonders whether buying a home or renting first is better. Our Realtors offer advice on how to decide.

Who pays closing costs when buying or selling a home?

Who pays closing costs when buying or selling a home?

What closing costs will you pay when you buy or sell a house? Learn who pays the closing costs and how much you can expect to spend.

What is a purchase-money mortgage, and how does it work?

What is a purchase-money mortgage, and how does it work?

With a purchase-money mortgage, the seller acts as the lender and creates a contract with the home buyer. Find out if a purchase-money mortgage is right for you.

Family Opportunity Mortgage: What it is and how it works

Family Opportunity Mortgage: What it is and how it works

A Family Opportunity Mortgage lets you buy a home for an aging parent or adult child who otherwise can’t qualify for a mortgage. Learn how the FOM program works.

How much does moving cost? What to know before you relocate.

How much does moving cost? What to know before you relocate.

Moving costs depend on the distance, moving company, time of year, and more. Learn how much you can expect to pay in moving costs.

What is owner financing, and who should consider it?

What is owner financing, and who should consider it?

With owner financing, home sellers help the buyers with an alternative funding plan in lieu of a mortgage. Find out if you would benefit from owner financing.

Redlining in real estate: How discriminatory practices still affect Black communities

Redlining in real estate: How discriminatory practices still affect Black communities

Redlining in real estate embedded racism into the U.S. housing market. Redlining is now illegal, but it’s had long-term impacts on Black and brown communities.

What is a property easement, and how does it affect homeowners?

What is a property easement, and how does it affect homeowners?

An easement is an agreement that allows others to access parts of your property, and it’s fairly common. Find out how easements can affect you as a homeowner.

How much house can I afford with a $70,000 salary?

How much house can I afford with a $70,000 salary?

With a $70,000 salary, you can likely afford a house that costs over $200,000. However, you should ensure you can also comfortably afford the monthly payments.

What is a mortgage lien, and how does it work?

A mortgage lien is a legal claim on your home that gives your lender the right to seize your home if you don’t make payments. Learn how this lien could affect you.

Yahoo Personal Finance last month
Real estate comps: How they work and why they matter

Real estate comparables, or “comps,” provide details of homes sold in your area. Whether you’re a seller or buyer, comps help you know if you’re getting a fair deal.

Yahoo Personal Finance last month
What is NMLS, and how does it help borrowers?

The Nationwide Multistate Licensing System (NMLS) is a database where buyers can research their mortgage company’s credentials. Learn how NMLS helps borrowers.

Yahoo Personal Finance 2 months ago
What is an appraisal gap, and what can buyers do when it happens?

An appraisal gap occurs when a home’s appraised value is less than the amount you offered. Learn what home buyers’ options are when facing an appraisal gap.

Yahoo Personal Finance 2 months ago
How a portfolio loan can help you buy a house

A portfolio loan is a good option for borrowers who don’t qualify for a standard mortgage. Learn how portfolio mortgages work and if they’re a good fit for you.

Yahoo Personal Finance 2 months ago
How does a drive-by appraisal work?

A drive-by appraisal is faster and cheaper than a regular appraisal but isn’t as thorough. Learn how a drive-by appraisal works and when it could be a good idea.

Yahoo Personal Finance 2 months ago
How to get a home loan in the U.S. as an undocumented immigrant

Undocumented immigrants can have difficulty getting a mortgage, but they have options. Learn which home loans undocumented immigrants can qualify for.

Yahoo Personal Finance 2 months ago
What is an appraisal contingency, and should you include it in your offer letter?

An appraisal contingency protects a home buyer in case the appraised value is lower than the agreed-upon purchase price. Learn how an appraisal contingency works.

Yahoo Personal Finance 2 months ago
Can a felon buy a house?

A felon can buy a house — though you may need to overcome barriers such as employment and credit history. Learn how to get a mortgage with a felony conviction.

Yahoo Personal Finance 2 months ago
Can you file for bankruptcy and keep your house?

If you file for bankruptcy, you still might be able to keep your house or buy a home later. Learn how Chapter 7 and Chapter 13 bankruptcy affect your mortgage.

Yahoo Personal Finance 2 months ago
What is a mortgage note, and why do you need one?

A mortgage note is a legal document explaining your home loan's details, and you’ll sign it on closing day. Learn why mortgage notes are important for borrowers.

Yahoo Personal Finance 3 months ago
The 28/36 rule: How your debt impacts home affordability

The 28/36 rule reflects how much of your gross monthly income you should spend on your housing costs and all your debts combined. Learn how the 28/36 rule works.

Yahoo Personal Finance 3 months ago
How a 40-year mortgage loan works

A 40-year mortgage has low monthly payments, but you’ll pay more interest and accumulate home equity slowly. Learn whether a 40-year mortgage loan is a good fit.

Yahoo Personal Finance 3 months ago
Co-signing for a mortgage: The process, risks, and alternatives

Co-signing for a mortgage helps your loved one buy a home when they don’t qualify for a loan. Learn how co-signing works and about alternative options.

Yahoo Personal Finance 3 months ago
Seller's disclosure: How it affects home sellers and buyers

A seller’s disclosure reveals essential information about the condition and appliances of a home for sale. Here’s how the disclosure impacts buyers and sellers.

Yahoo Personal Finance 3 months ago
Closing costs: A guide to how they work and how much you'll pay

Closing costs make up a huge chunk of your home-buying budget. Our guide breaks down each type of closing cost, how much you'll pay, and how to reduce these fees.

Yahoo Personal Finance 3 months ago
Can you buy a house when you have student loan debt?

Buying a home with student loans is possible, but various factors will affect your application. Learn how to qualify for a mortgage with student loan debt.

Yahoo Personal Finance 3 months ago
What is rent-to-own, and can it help me buy a home?

A rent-to-own agreement allows you to either have the option or commit to buying a house after your lease ends. Learn how RTO works and how much it costs.

Yahoo Personal Finance 3 months ago
Buying a house with cash in 6 simple steps

Buying a house with cash can save time and money, but it’s not for everyone. Learn how to use cash to purchase a home and decide if it’s the right path for you.

Yahoo Personal Finance 3 months ago
What is the difference between a home's appraised value and market value?

A home’s appraised value and market value don’t always align, and a sale can be difficult if the two numbers are different. Learn how these values affect you.

Yahoo Personal Finance 3 months ago
Are mortgage points tax deductible? Sometimes — here are the rules.

Mortgage points can be tax deductible, but you must meet specific requirements and itemize your deductions. Learn how to deduct your mortgage discount points.

Yahoo Personal Finance 3 months ago
What happens if an appraisal comes back lower than the offer?

If an appraisal is lower than the amount you offered on the house, you may still be able to buy the home. Here are your options with a low appraisal.

Yahoo Personal Finance 3 months ago
House deed: Definition, types, and how to get one

A house deed is a physical document stating you are the owner when you buy a home. Learn what information is on a deed and how to get the deed to your house.

Yahoo Personal Finance 3 months ago
What to expect at the final walk-through before closing on a house

The final walk-through before closing gives you the chance to check the appliances, plumbing, and any requested repairs. Here’s what to include on your checklist.

Yahoo Personal Finance 4 months ago
Here's what to look for when buying a house

When shopping for a home, consider factors like the school district and potential issues like parking or repairs. Here’s what to look for when buying a house.

Yahoo Personal Finance 4 months ago
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 4 months ago
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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 5 months 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 5 months ago