Few people can buy a home for cash. According to the National Association of REALTORS® (NAR), nearly nine out of 10 buyers finance their purchase, which means that virtually all buyers — especially first-time purchasers — required a loan. The real issue with real estate financing is not getting a loan (virtually anyone willing to pay lofty [...]
You’ve heard it before: mortgage rates are at historic lows and housing prices are more affordable than they’ve been in years. But no one said buying a home was any easier. If you’re hoping to become a homeowner this year, you still have to brace yourself for a lengthy process – not least confusing of [...]