No matter where I go, people always ask me two questions, "How's the market?" and "Is now the right time to buy a home?" My answers are always the same not because I'm being a salesmen, but because I'm telling the truth when I say, "Great, interested buyers are buying and sellers are selling."

Of the many different types of home loans out there, interest only loans are one of the more unusual types. Although they are not much in use any more, you may still run into the option. You should know what they are all about before you even consider one.

When you buy a home, the mortgage payment isnt the only regular expense you will have to consider. You will also be responsible for paying for your homeowners insurance policy as well as the property taxes on your new home.

For first time buyers, the amount of money that is needed to seal the deal can often come as a bit of a shock. Known as the closing costs of the deal, this amount of money involves a number of different factors that can add up to several thousand dollars out of pocket for the buyer.

Coming up with a down payment in todays economy can be difficult. In most cases the down payment is expected to be 20% of the purchase price, and in some markets where housing prices are high that can be nearly impossible for the average person to save.

If you are in the market for a new home, or are looking to refinance your mortgage, there are an ever increasing number of lending options that exist for you as a homeowner.

Buying a home can be both exciting and stressful but, for those with past credit problems, the process may also seem intimidating.

One of the most important factors to consider when buying a new home is affordability. As a general rule, mortgage payments should not exceed 25- 30 percent of your monthly take-home pay.

There are a number of factors that can contribute to the affordability of a house and, as a potential homebuyer, its important that you know what type of mortgage payments are within your budget.

A predator is defined as one that preys on others, which is why some lenders have fittingly earned the title as predatory mortgage lenders.