There are plenty of reasons for money-related stress these days, with sticky inflation and higher interest rates causing many Americans to acquire debt. Unfortunately, it also contributes to a potentially life-threatening condition: stress. Recently, the American Heart Association reported that 82% of us are stressed about money.
Qualifying for first-time home buyer programs may not be as hard as you think. These programs are specifically designed to help qualified first-time homebuyers like you overcome some of the more common hurdles people face when buying a home. Those hurdles, of course, include saving for a down payment and the closing costs.
If you could use some assistance as a first-time homebuyer—and who couldn’t—then this article is for you.
This month saw the return of something we all hate: inflation. The Consumer Price Index went up by 0.5%, which was its biggest increase since summer 2023. This brought overall inflation up to 3%, which means that the Federal Reserve will probably postpone any reductions in interest rates for the foreseeable future. Recent changes within the Consumer Financial Protection Bureau (CFPB) are also causing concern within consumer advocacy groups and the banking industry, although for very different reasons.
One of the biggest hurdles for many first-time homebuyers is getting that down payment together. We understand, especially if you’re trying to scrape together 20% of a home’s purchase price (insert large gulp here).
As a medical professional, you’ve dedicated countless hours to building your career and caring for others. Whether you’re a newly graduated doctor, dentist, or veterinarian, or an experienced professional, owning a home can feel like a distant goal. Student debt, limited credit history, and the high costs of buying a property add hurdles to achieving this milestone. Fortunately, the Doctor Loan program is here to change that.
One of the obstacles that keeps first-time homebuyers out of the housing market is the misconception that they need to have a 20% down payment.
You’ve decided you want to buy a home. You are ready to look at listings, view the next open house, and pick your favorite paint colors—but not so fast! You need to make sure you are financially ready first.
Saving for our retirement is the #1 financial priority for Americans, with over half of us putting away at least 9% of our annual income for it. However, quite a few of us are actually overdoing it.
Many people think of an existing single-family home when they think about homeownership or buying residential real estate. Purchases of this type of property are common, after all. But there are other residential real estate purchases that might be perfect for your lifestyle and/or financial situation.
You’re drawn to condo living, and it’s easy to see why. Maybe you’re excited about living in that perfect downtown location, just steps from your favorite cafes and shops. Or perhaps you’re looking forward to saying goodbye to yard work and exterior maintenance. For many first-time buyers, condos offer an attractive path to homeownership, often at a lower price than single-family homes.
However, buying a condo is different from buying a house. You’re buying into a community with rules, financial obligations, and a management structure.
February is the perfect time to check in on your financial goals and make sure you're staying on track for the year. Whether it's budgeting smarter, saving more, or planning ahead, building strong financial habits now can set you up for success all year long. In this edition, you'll find practical tips and tools to keep your financial fitness in peak condition. Let's get to it!
Single-family homes aren’t the only game in town when it comes to homeownership, building wealth, and fulfilling the American dream. In today’s housing market, where prices continue to challenge affordability, prospective buyers are exploring alternatives that offer value without sacrificing convenience or lifestyle.
If you've been avoiding investing, you're not alone. Nearly half of America's adults report owning no investable assets, according to a 2024 survey. However, it isn't because they don't have the funds: it's their mindset that's holding them back. Investing seems too complicated to consider, which isn't surprising as math is not a popular subject for students.
There may be some positive things for potential homebuyers during 2025, especially more properties for sale. Shopping's always less stressful when you have more choices, and homes are no different. Lastly, when you're finished unwrapping gifts, you may want to spend an hour or two making a list and checking it twice...especially one for your 2024 taxes. If you need help, scroll down to check out our links to free tax guides and checklists.
Whether you’re looking to fund the minimum down payment or put down more than the traditional 20% when buying a home, saving for a down payment can be a challenge.
Budgets are like diets: Even when you know they’re a great idea, sticking to them is difficult! Much like diets, however, putting in the hard work and short-term sacrifices can yield amazing results. Every penny counts while working toward a home purchase—and creating a budget is just the beginning.
Here’s how to keep your budget on track to buy a home this year.
While some of us still resolve to hit the gym every New Year, most of us go for better money management. Research found that over 50% of us plan to set new money goals for 2025.
There’s no better time than now to start preparing for homeownership. If your financial goals include things like saving for retirement, paying off student loan debt, or buying a home, this article provides some solid financial planning advice that will get you headed in the right direction.
As an additional resource, you can also download our personal budgeting guide here. When you have a solid plan and set a budget for homeownership, you may find that you’re able to buy a home more quickly than expected.
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