New Home

Thinking of Buying Your Next Home? Here’s What to Consider

Like many of you, I’m currently living in my first home. It’s been three and a half years since my husband and I handed over a big check during closing to get the keys to our own little piece of the American dream. This first house has been good to us, and we’ve made so […]

New Home

16 Things to Do Immediately After Buying a House (Includes Bonus Checklist!)

Buying a home is like running a marathon. There are so many steps to complete and papers to sign before you can walk in the front door. You might feel a sense of relief when it’s all over and you have your keys in hand, but don’t rest just yet. There are still a few […]

New Home

Know Your Down Payment Options: Why 20% Is No Longer King

If you’re shopping for a new home, someone might’ve mentioned the golden rule of homebuying: You must make a 20% down payment to secure a mortgage. For decades, the gold standard was a 20% down payment. Today, you may mistakenly believe that, until you have socked that much away, your hopes for home ownership are […]

New Home

Know Your Loan Options: What Is a Jumbo Mortgage?

Have a growing family? Ready to move into your dream digs? Sounds like upgrading your home might be on your agenda. If you’re looking at an upscale property or simply one in an area of the country where the cost of living is high, chances are you might be considering a jumbo mortgage. A jumbo […]

New Home

Jumbo Loan Limit 2020: What You Need to Know

Mortgages aren’t one-size-fits-all. For instance, a jumbo loan could fit you like a glove if you’re buying a more expensive home and need to borrow more than the conforming loan limits allow. So, if you’re looking at an upscale property or simply one in an area of the country where the cost of living is […]

New Home

Jumbo vs. Conventional Loan: What’s the Difference?

When shopping for new shoes, it’s all about finding that perfect fit. You don’t want to go too small and squash your toes. Pick a pair that’s too big, and you’ll walk right out of them. You need something that’s just right. It’s the same idea when you’re shopping for a home … just on […]

New Home

A HomeReady Mortgage Makes Homebuying for 3% Down a Reality

It’s no secret: Through the years, it’s gotten more expensive to buy a house. In the mid-1970s, it cost an average of $40,000 to buy a new home. Now? Add an extra zero to that number. New homes are selling for an average that’s closer to $400,000. Unfortunately, salaries haven’t accelerated at the same rate. If […]

New Home

Should You Buy or Rent Your First Home?

It’s an age-old question: Should I buy or rent? And while the age-old answer has been “buy, of course,” that’s not always the case for each person. Buying gives you a chance to build equity and get a return on your investment, but the threshold to purchase your first house is high — and it […]

New Home

Federal Rate Changes: Good or Bad for Home Owners?

News headlines about interest rate changes may conjure a range of emotions, from hope to anxiety to confusion. But how does it impact your mortgage rate — and is it a cause for panic? The Federal Reserve (or the Fed for short) changes interest rates from time to time and current global economic changes and […]

New Home

Why Homebuying in the Offseason Should Be In Your Plan

Nobody wants to be lugging a heavy couch in and out of a moving truck in the blistering cold … unless, perhaps, that offseason home purchase could save you thousands of dollars. Turns out, buying a home during the fall and winter can have a flurry of advantages, including less competition and faster closing time. […]

Top Posts

Quick Poll

Ally Tools & Tips

Let's Get Social