Saving Toward a Down Payment: 8 Great Ideas

Like many consumers today, you may be thinking this is a great time to buy your the lack of a down payment. But favorable price and mortgage conditions will likely last for a while. The smart and hopeful first-time buyer will take advantage of the opportunity to save now for that needed down payment.” For those willing to make a few sacrifices in the short-term, Ray suggests eight possible ways...

Top 8 Things to Know about a Mortgage

Deciding what kind of home loan is best for your needs is an integral part of the home buying process. But it’s not always easy, according to California mortgage broker Prime Lending. Prime Lending notes the eight most important factors to compare when shopping for a mortgage: • Principal – The principal is the amount you are borrowing—or the price of the home you are buying minus the down payment. Lenders...