How Much Money Do You Need in Savings When Applying for a Mortgage?

July 31, 2018

You know you need enough money to cover your down payment and closing costs when buying a home. But did you also know that most lenders want to see even more dollars stowed away in your checking or saving accounts before approving you for a mortgage? It’s true: Lenders want to know that you have enough money saved to cover at least some of your future mortgage payments should you…

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Are Starter Homes Still a Thing?

June 25, 2018

The old formula worked like this: When you were tired of renting an apartment, you’d buy a starter home. This starter home would be affordable and small. When your family started to grow, you’d sell that starter home and buy a larger residence. Does this strategy still make sense? Should you invest in a starter home before purchasing what you might consider the home of your dreams? Not surprisingly, the…

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