Our houses have gotten bigger in the last few decades. Since 1973, the average American house has grown by 1,000 square feet, coming in at over 2,400 square feet. And what’s more, the average family size in the U.S. has gone down. So we’ve got more space for fewer people.While the bigger is better mentality is sweeping the nation, there are some real financial benefits to downsizing your…
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Mortgage Basics
Terms You Should Understand When Getting a Mortgage
Once you’re preapproved, find a home, research comparables, get a home inspection, ask the seller to agree to seller concessions, figure out how much money you’ll need to have in escrow and how much of your monthly payment may go toward PMI, you’ll be ready for title work so you can get to closing.
Did any of that make sense?
If not, it will by the end of this article.
So you want…
Closing Costs: What You Need To Know
You’ve gone all the way through the mortgage process and it’s time to close your loan. What are all these closing costs and why do they change?
And we get it. Closing costs are a turnoff. If everyone had a bunch of money to bring to the table, we wouldn’t need mortgages. What can you do to help keep the costs down? We have some tips.
What Goes into Your Closing Costs?
When you…