Experts recommend spending no more than 36% of your income on housing and debt payments, but that can be in many markets.

HomePath can lead buyers to discounted home prices and more flexible financing plans, creating a way to save on a new home ...

Down payment gift rules vary by loan type and lender, but generally: Lenders will require donors to write a letter stating ...

An MCC allows eligible first-time homebuyers to claim a portion of their annual mortgage interest as a reduction on their federal taxes. Learn more.

How Should Homebuyers Navigate 2025? Each new year, millions of renters resolve to finally become homeowners. The turn of the calendar seems to offer new hope of finding a home, setting down roots, ...

Homes in the United States have historically appreciated over time. This appreciation can help new homeowners build equity faster. Buying a home got you into the game. You’ve stopped paying rent, and ...

Private mortgage insurance (PMI) is an extra cost required for borrowers putting down less than 20% on a conventional loan. It allows for earlier homeownership and can be cancelled once the borrower ...

A home equity loan is a type of second mortgage, which is a loan that's secured by the underlying property. For homeowners looking to access the equity in their home, second mortgages and home equity ...