Visit khov.comBuying your first home is an exciting milestone, but navigating the intricate process can feel overwhelming. With so many factors to consider and steps to take, it’s important to be prepared and informed.
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Buying your first home is an exciting milestone, but navigating the intricate process can feel overwhelming. With so many factors to consider and steps to take, it’s important to be prepared and informed.
Conventional loans and FHA loans both offer homebuyers mortgages to assist them in purchasing a home. But what’s the difference?
We’re here to walk you through the differences between thesetwo common types of mortgages and help you figure out which is right for you: FHA or Conventional.
You don’t have to delay that next chapter in your life or put off buying a home, there are options out there to help you adapt your home loan and ensure you get your ideal mortgage.
Also known as a single-close loan, a construction-to-permanent loan includes the cost of land, the new build, and the mortgage. Learn more.
Anyone interested in applying for a home loan, or just in learning more about them, may find themselves inundated with information, with endless details and distinctions, before they’ve even clicked on their first search result. But you’ll find that as distinctive as they can be, most home loans fall into a few broad categories – and once you have a basic understanding of those, you can start to see which mortgage might be best for you, whether you’re an existing homeowner or a first-time buyer.
So, what exactly are closing costs? At their most basic level, they’re a bundle of fees that are due on the day a property sale closes – basically any expense other than the down payment. Closing costs can be paid by the buyer, seller, or both, and legally must be disclosed and agreed on in advance before the purchase can be completed.
Understanding your available loans and financing options, how they work, and what works well for you is a critical step to realizing your new home dream.
So, if you’re thinking about building a new home or buying new construction, you should know that there are specific home construction loans and financing options available to help you do just that – in fact, there are a lot of loans and options for that!
Thinking of ways to deal with rising interest rates? Buying down your mortgage might be just the ticket! Find out how a mortgage buydown could help you move into your new dream home.
A new home is often the most expensive purchase you’ll ever make – Mortgage points could help you save money by lowering your mortgage interest rate.
When mortgage interest rates are rising, the decision to buy a new home can be tricky, but you may not need to put your dream on hold. Find out how a mortgage rate lock could help you secure a rate and provide protection against the significant impact rising mortgage rates can have on your ability to buy or afford a home.