Rafael Conde

Explore your down payment and mortgage options There are lots of mortgage options out there, each with its own combination of pros and cons. If you’re struggling to come up with a down payment, check out these loans: Conventional mortgages They conform to standards set by the government-sponsored entities Fannie Mae and Freddie Mac, and require as little as 3% down. FHA loans Loans insured by the Federal Housing Administration permit down payments as low as 3.5%. VA loans Loans guaranteed by the Department of Veterans Affairs sometimes require no down payment at all. Making a higher down payment will mean having a lower monthly mortgage payment. If you want the smallest mortgage payment possible, opt for a 30-year fixed mortgage. But if you can afford larger monthly payments, you can get a lower interest rate with a 20-year or 15-year fixed loan. Use our calculator to determine whether a 15-year or 30-year fixed mortgage is a better fit for you. Or you may prefer an adjustable-rate mortgage, which is riskier but guarantees a low-interest rate for the first few years of your mortgage.

Selling Your Home – 10 Tips You Can Definitely Use 1. Take care of your landscape. 2. Remove clutter. 3. Paint your interior if it needs it. 4. Hire a great Real Estate agent. 5. Put up a sign in the yard. 6. Make sure your photos are exceptional. 7. Consider a video tour. 8. Make sure you repair the things that your Real Estate agent advises. 9. Make your kitchen appealing. 10. Get organized.