FHA’s Condo Spot Approval to Kick-off Soon

Thousands of additional condominium units in the market will soon become eligible for FHA financing after the Federal Housing Administration (FHA) issued last August an important update which included the revival of its “spot approval” program. Compared with a detached single-family home, a condo is a more affordable option for a broad range of credit-worthy homebuyers who prefer a relaxed lifestyle that’s surrounded by amenities. The new policy will result in an estimated 20,000 to 60,000 FHA-insured condominium units every year.

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Why Should First-time Homebuyers Worry About Data Breaches?

Massive data breaches are becoming common nowadays. A few days after the massive Equifax data breach settlement news broke out, Capital One reported that sensitive information of roughly 100 million consumers in the U.S. has been compromised. As someone planning to buy a home, it is critical that you know if you’re affected by such breaches, especially if you’re applying for a mortgage.

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8 Important Steps You Need to Take Before Shopping for a Mortgage

Shopping for a mortgage and home is the first step you need to take if you want to fulfill your dream as a homeowner. Buying a home is often overwhelming simply because you’re making one of the biggest financial decisions in your life. Before applying, it’s smart to educate yourself on the mortgage process and programs so that you can better understand your options.

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6 Potential First Time Homebuyer Pitfalls and How to Avoid Them

Considering buying your first house? Before you can open the door to your new abode, you’ll first need to tackle the homebuying process. For first time buyers, this process can be especially daunting. To help make your first purchase a smooth one, avoid these six first time homebuyer potential pitfalls:

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How to Buy a Home Solo?

The housing market may seem like it’s filled with newlyweds looking for their first home, but there are a growing number of people who are looking to buy a home solo. Here’s how you can make buying your first home on your own a success.

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Six Tips For A Smooth Closing

Buying a home is an exciting adventure that may also become a stressful life event, especially when delays throw plans off track. Follow these simple tips to avoid unnecessary delays and keep your purchase on schedule to ensure that you get into your dream home – on time!

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Important Tips To Avoid Wire Transfer Fraud

As you work through the homebuying and loan application process, be aware that large financial transactions, such as a home purchase, can make you a target for fraud. It’s important to know how to protect yourself against identity theft and other types of fraud. Scammers may pose as third-party companies and attempt to appear as though they are involved with your transaction. Here are some recommendations to keep your information safe when transferring funds for a large real estate purchase:

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