Home Improvement and Interior Design Discussion Blog

Older homeowners who have paid off their mortgages and are going into an assisted living center, moving in with family, or downsizing and don’t need their equity in a lump sum are good candidates for seller financing. You or your agent may have to...

Some important do’s are: Do keep the terms simple and make sure the monthly payment includes principal and interest, and that it pays off in a set number of years. In mortgage-speak, the loan amortizes. Do avoid balloon payments, whereby you make...

Although the loan programs we’ve discussed constitute the way the vast majority of homes are financed, there are other perfectly safe ways to buy a home that, in some cases, can allow you to avoid hefty bank fees and save thousands of dollars in closing...