Articles for Home Buyers

Browse our collection of articles to learn more about buying a home and getting a mortgage, whether you are a first timer or a veteran.

Our articles on buying a home cover topics from choosing a realtor, to how to go about securing a home loan, to the ins and outs of FHA loans. It is our goal to  equip you with all you need to know to make the right decisions as you take this big step. You may find more useful material in our archive of Ask Bill questions about buying a home.

  • Betsalel Cohen
    Fannie Mae's HomeReady Low Downpayment Mortgage
    The HomeReady Mortgage offered by Fannie Mae is an attractive alternative for low to middle-income homebuyers, with decent credit. Compared to...
  • Betsalel Cohen
    Buy a Home Overview
    Home Purchase Loan Resources | Learn everything there is to know about a home purchase loan and get the best rate possible from our family of providers at Bills
  • Betsalel Cohen
    Is Homebuyer Counseling Beneficial?
    A recently published paper shows that Homebuyer Education and Counseling programs are beneficial. They help create more informed consumers, who make better...
  • Betsalel Cohen
    Mortgage Tips - Getting Qualified for a Mortgage
    Bills.com mortgage tips will help guide you through the shopping process. The first step is to get qualified for a mortgage. You can save the most money...
  • Betsalel Cohen
    Home Affordability | Regional HOI Index
    Home Affordability varies over different regions and neighborhoods. Make sure that you look at local data and prepare your finances so that your income...
  • Bills.com Team
    No Down Mortgage
    The VA, USDA, and some local governments offer no-down mortgages. If you do not qualify, you have several good options for low-down mortgages from...
  • Bills.com Team
    Conforming Loan
    Conforming loan limit for a one-unit residence in 2012 is $417,000 for most of the US. You must know the limits in your area because...
  • Mark Cappel
    Mortgage After Bankruptcy
    You can qualify for a mortgage after bankruptcy as early as 12 months after the discharge. Learn the FHA and VA's rules for bankruptcy...
  • Mark Cappel
    Home Loans For People With Bad Credit
    Learn about government programs to help homebuyers who have bad credit. You may be eligible for a no- or low-down payment loan...
  • Betsalel Cohen
    PMI: Low Down Payment
    PMI | If you are looking to buy a house and take a mortgage loan with a low down payment then PMI can...
  • Daniel Cohen
    US New Home Sales Plummet in Feb 2011
    New home construction fell to a record low, in February 2011. This happened at the same time that there were a low number of existing homes sold.
  • Daniel Cohen
    7 Reasons to Choose a Mortgage Broker
    7 Reasons to Choose a Mortgage Broker | Read about the advantages of working with a mortgage broker. The biggest reason to work with a broker is that you...
  • BS
    How to Find a Great Mortgage
    Looking for a great deal on a mortgage but don't know where to begin? Learn how to find the best deal on a mortgage.
  • BS
    First Time Homebuyer Testimonial
    Read a personal story about a first time homebuyer and gain a better understanding of what's involved.
  • Mark Cappel
    First Time Home Loan
    Gain a better understanding of what's involved in a home purchase loan from Bills.com - your source for saving money.
  • FP
    Buying a Home in Today's Market
    Undervalued homes, low interest rates, and less competition make now an ideal time to buy a home.
  • Mark Cappel
    Buying a Foreclosure Today
    Things to Consider When Buying a Foreclosed Home
  • BS
    Buying a Home Step 3: Make an Offer
    The seller may accept your offer to purchase, reject it, or make a counteroffer.
  • Mark Cappel
    How to Buy a Home
    Purchasing a home will most likely be among your largest and most important investments. Determine the pros and cons of owning a home to make the best decision.
  • Betsalel Cohen
    Freddie Mac's Home Possible Low Downpayment Mortgage
    The Home Possible Mortgage offered by Freddie Mac helps first-time low-to moderate-income homebuyers by offering a three-percent down payment. Compared to ...
  • Betsalel Cohen
    Home Affordability in 2018
    Buying a home is a major concern for many households. Will rising mortgage rates be offset by higher wages? Will rising home prices make it impossible to...
  • Betsalel Cohen
    Mortgage Insurance Popularity Growing
    Many first time home buyers are using Private Mortgage Insurance together with conventional low down payment mortgages. Instead of using FHA loans, borrowers...
  • Mark Cappel
    Mortgage Laws
    Learn if your state mortgage laws require both spouses to sign mortgages or mortgage refinances. Some states require you to hire a lawyer, or a special notary.
  • Betsalel Cohen
    Home Affordability Index Tips
    Before buying a home and taking a mortgage learn about Home Affordability. Housing prices, income, and interest rates are important factors to consider when...
  • Mark Cappel
    Real Property Law
    Details on joint tenancy, tenancy in common, and tenancy by the entirety, and under what circumstances you should chose one of these forms of title...
  • Daniel Cohen
    Down-Payment to Buy a Home
    Down-Payment to Buy a Home | Although your down payment may require you to use more cash than any other part of your home purchase, make sure to account for...
  • Mark Cappel
    CFPB Mortgage Disclosure
    The CFPB wants mortgage disclosures to be short and simple. Its Loan Estimate and the Closing Disclosure forms aim to...
  • Mark Cappel
    Best Mortgage Lenders
    Because lenders are constantly changing their underwriting standards, incentives, and interest rates, a good deal from one lender today might be...
  • Bills.com Team
    How Much Mortgage Can I Afford
    Learn how much mortgage you can afford, and the top 10 documents lenders require from borrowers. Most make financial sense, but No. 1 may surprise you...
  • Daniel Cohen
    Mortgages to Stay at Historic Lows
    Two federal agencies released reports during the week of March 21, 2011 that suggest mortgage rates will remain at their historic lows for the near term.
  • Daniel Cohen
    Qualifying For a Mortgage
    Qualifying for a mortgage | Qualifying for a mortgage means meeting a lender's standards for income, credit, debt-to-income ratio, and loan-to-value. Be sure...
  • BS
    First Time Buyers
    Find first time homebuyer information and resources from Bills.com - your online source for saving money. Learn what you need to know as a first time homebuyer.
  • Mark Cappel
    Good Real Estate Deal
    Looking to invest in real estate? Discover how to identify the signs of a good real estate deal.
  • BS
    Home Loan Application
    Learn what you need to do to prepare for your home loan application.
  • BS
    Smart Home Buying
    Avoid costly repairs by doing your research
  • Betsalel Cohen
    Buying a Home Step 6: Seal the Deal
    Buying a Home Guide - Seal the Deal | After finding the mortgage right for your situation, make sure that you carefully review the closing documents and...
  • BS
    Buying a Home Step 2: Find a Home
    It often pays to attend several open houses where sellers open up their homes to potential buyers.
  • Daniel Cohen
    Home Buying Guide
    A guide for home buyers - preparing to get a mortgage and buy a home and then find the best mortgage for you
  • Get Mortgage Rates!
  • Betsalel Cohen
    Home Affordability Index Overview
    A home affordability index looks at home prices, income, and other factors to see how easy or difficult it is to purchase a home. Check out how you match up...
  • Betsalel Cohen
    Freddie Mac's HomeOne Low Downpayment Mortgage
    Are you considering purchasing a home? Do you have a small down payment? Then, consider the newest Freddie Mac High LTV, low down payment option, the HomeOne...
  • Betsalel Cohen
    Rising Mortgage Rates and Affordability
    Mortgage rates are on the rise in 2018 making it more difficult to buy a home. However, even if mortgage rates go up you may still find it possible to...
  • Mark Cappel
    HMDA Map & Your Next Mortgage
    The CFPB's HMDA map can help you better understand the mortgage and refinance market and trends in your county. Learn what lenders seek in loan applications...
  • Mark Cappel
    Appraisal
    Much rides on an appraisal. A low appraisal can scuttle a deal, but there are steps you can take if the appraiser sets the value too low...
  • Mark Cappel
    One Spouse on Mortgage
    There are three reasons to consider a joint mortgage, and five reasons for one spouse on a mortgage. This Bills.com article explores the...
  • Mark Cappel
    Credit Union Mortgage Rates
    Credit Union | You may find lower mortgage closing costs at your local credit union. Consider a credit union if your state charges an intangible tax...
  • Betsalel Cohen
    Home Purchase Mortgage Rates | Shop and Compare
    Compare Home Purchase Mortgage Rates | When shopping for a home purchase loan make sure that you compare mortgage fees and mortgage rates. The best rates are...
  • Daniel Cohen
    Top 10 Mortgage Lenders
    The top 10 mortgage lenders in 2011 were Wells Fargo, Chase, Citi, Bank of America, US Bank, GMAC, PHH, Quicken...
  • Daniel Cohen
    Dodd-Frank Act
    Dodd-Frank was disguised as a consumer benefit. However, it was created so that brokers are no longer competitive with banks, which are exempt from Dodd-Frank.
  • Mark Cappel
    Home Buying Intagibles
    Fewer Americans than before believe buying a home is a safe investment. On the other hand, Americans still think buying a home is one of the best investments yo
  • BS
    3 Fixed-Rate Mortgage Tios
    Tips on deciding which term fixed-rate mortgage is best for you.
  • BS
    Home Purchase Testimonial
    Read a personal story about a family and their home purchase loan, and gain a better understanding of what's involved.
  • Mark Cappel
    Predatory Lending
    Predatory lending practices are not only dishonest, they cost consumers thousands of dollars. Learn more about predatory lending and how to avoid it.
  • Mark Cappel
    Looking at Closing Costs Around the Country
    Which states have the highest and lowest closing costs?
  • BS
    home purchase
    Before you buy: Knowing which areas in the house to look for potential signs of hidden damage can save you money!
  • BS
    Buying a Home Step 5: Insure Your Home
    There are four types of coverage contained in the homeowner policy package. Learn more about home insurance and what is and is not covered.
  • Betsalel Cohen
    Buying a Home Step 1: Shop for a Mortgage Loan
    Buying a Home Guide - Shop for a Mortgage Loan | Learn what a lender requires for you to qualify for a loan. Get tips on how to shop for a mortgage loan and...
  • Bills.com Team
    Jumbo Mortgage
    If you seek a jumbo mortgage, let Bills.com help you sort out the limits and what types of jumbo loans are best suited for your needs.

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