Photo by lumaxartWhen starting the process of buying a home it can be difficult to understand all the terms that are thrown around during the experience. Two terms that you are likely to hear are a front end ratio and a back end ratio. The lender that you go to for your mortgage will want [...]

Right now, the government may be supplementing down payments for many first time homebuyers, but those that are not first time buyers can still get homes financed with small down payments because of Private Mortgage Insurance or PMI. If you want to purchase a home with less than 20% down, PMI or Private Mortgage Insurance [...]

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If your employer offers a 401K and you are thinking of it as a savings account, you are only part right. It is a savings account for your retirement and the idea of a 401K is that it is money deducted from your paycheck before taxes and deposited into an investment account of [...]

Photo by TheTruthAbout…Right now, lenders are requiring higher credit scores to get the lowest interest rates than any time in recent history. The relation of credit scores and mortgage payments are important because if buyers have a credit score that used to be consider in the excellent range, they could get the lowest interest rates, [...]