MORE FROM HUFFPOST
MORE FROM HUFFPOST
Closing costs
The home buying process can be stressful, but it’s also an exciting time. Here's what you need to know.
PAID FOR BY ROCKET MORTGAGE
They can add 3 percent to 6 percent to the house price.
The down payment. Cue the dramatic, fear-filled suspense music. Yeah, it's scary. Coming up with enough cash to put down when buying a house is the single biggest roadblock for most hopeful homebuyers. But how much do you really need?
WHAT'S HAPPENING
WHAT'S HAPPENING
After years of saving, you are finally ready to buy a house -- but have you really saved enough to buy the house that you want? There are more expenses to consider than just the price of the home, and first-time home-buyers can be caught by surprise at the number and size of the auxiliary expenses.
Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many, improper use of the product -- such as pulling all their cash out at one time -- has led to significant financial problems later, including foreclosure.
As 2013 comes to a close and real estate experts predict where the housing market is headed in 2014, a look back reveals several trends.
You've decided to buy a house, and you need financing. Even if you have good credit, you should keep your finances shipshape until closing so that lenders won't think twice.
Lingering misconceptions often keep sellers and agents alike from giving military homebuyers a fair shake.
