Using Gift Money for Your Down Payment

If you’re receiving a down payment gift for the purchase of your next home, you’re not alone; many U.S. home buyers do it. Gifts for down payment can come from parents, grandparents, siblings, children, or even spouses on a variety of loan programs including FHA, VA, USDA, conventional, and jumbo loans. But you need to make sure that ...

How Does an HOA Affect Your Home Purchase?

A homeowners association (HOA) is probably not on your mind when you’re thinking about buying a home. But if you do choose a home that has an HOA it’s important to calculate those fees into your budget. What is an HOA? An HOA is a legal entity that manages a shared housing complex. All condos ...