Archive for Archive for November, 2014

House Hunting Tips!

Knowing how much house you can afford is just a starting place for your search. You also need to answer the following questions to narrow down your options to those that are most relevant to you. 1. How many bedrooms and bathrooms do you need? 2. Do you want a new home or would you prefer […]

Posted by: najirashid on Friday, November 14th, 2014

How Much Down Payment Do You Need?

Different loans have different down payment requirements. Mortgages insured by the Federal Housing Administration (FHA) need a 3.5% down payment. Conventional loans need a least a 5% down payment. If you are buying a $200,000 house, a 3.5% down payment would be $7,000. And a 5% down payment would be $10,000. Sure, you can put […]

Posted by: najirashid on Monday, November 3rd, 2014