Saving for a mortgage down payment can be a daunting challenge. With home prices steadily rising, it’s increasingly difficult for many buyers to accumulate enough funds for even the minimum required down payment. Traditional financial wisdom suggests putting down 20% to avoid private mortgage insurance (PMI), but even a smaller percentage can still be a significant sum. If you’re struggling to reach your savings goal, one potential solution is using gift money to help fund your mortgage down payment.

Navigating the 2025 housing market is top of mind for many potential homebuyers. Prospective homebuyers are asking: Is now the right time to make a move? Let’s shed some light on this question by offering a comprehensive look at the state of the market, expert predictions, and actionable advice for homebuyers.

Get ready for a big change. Next year, we’re expecting a 13% increase in home loans, hitting $1.45 trillion. Plus, with interest rates likely dropping to 5.9%, it’s a golden time for buying a home or refinancing the one you have. This is the moment you’ve been waiting for if you’re looking to step into the homebuying arena.

Unlocking the Power of Your Home Equity: How to Upgrade Without Breaking the Bank

Are you eyeing the housing market because you've noticed more homes for sale and falling mortgage rates? If you're thinking about buying a home, getting pre-approved for a mortgage should be at the top of your list.

Have you heard about cash-out refinancing? It's a powerful financial tool that allows you to leverage the equity in your home to meet various needs. Even with today's average mortgage rates, it can be a smart move. Keep reading to learn why!

The housing market has been a hot topic of discussion lately, with many experts and online commentators predicting an imminent crash.

Despite these gloomy predictions, residential home prices have hit a new all-time median price record high in May and have been on an upward trend for 11 consecutive months. How is this possible? Let’s break it down.

Despite widespread skepticism, home prices continue to move higher in 2024. February witnessed an unexpected surge in home prices, climbing by 0.6%, which is considerably higher than the typical seasonal February slowdown observed in previous years.

The cost of waiting. Ever feel like the housing market’s a bit like a dance? Sometimes it’s a slow waltz, other times a fast-paced tango, dictated by the ebb and flow of supply and demand, the up-and-down of interest rates, and those ever-changing economic forecasts. Well, folks, the music’s shifted, and it’s offering a prime chance for those of you who’ve been watching from the sidelines, wondering when to jump in. Understanding the current beat of the market is key, and making your move now could be the smartest play you make in your financial journey.