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saving money

Local Stories

5 FAQs on Home is Possible

August 9, 2017
Home is possible

Saving up for a down payment on a new home in Nevada? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may help make your dream home a reality! What’s Home is Possible? It’s a grant from the Nevada Housing Division that may be used toward a down payment on a qualified home purchase. Typical program participants receive 3% to 4% of the total mortgage amount; a 5% grant is offered on conventional loans. Heroes (veterans, active service members and surviving spouses) may opt…

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Local Stories

5 FAQs on Home in Five

March 21, 2017
Home in Five: Smiling couple in front of moving boxes

Saving up for a down payment on a new home in Maricopa County? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may give you the boost you need to move up your moving day! What’s Home in Five? It’s a grant from the Phoenix and Maricopa industrial development authorities (IDA) that may be used toward a down payment and/or closing costs on a qualified home purchase. Typical program participants receive 2.5 to 3.5% of the total mortgage amount; members of the military, first…

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Buying a Home

How to Save for a Down Payment on a House

January 26, 2017
Couple saving money

There is no way around it; buying a home is a big deal! It’s an exciting opportunity to build new memories in a space that is truly your own. Part of embarking on the path toward homeownership is saving for the down payment. Luckily, there are straightforward techniques you can use to save for the down payment on your new home. Here are some of our favorite ideas:   Decide how much your future home is going to cost. While having an exact amount in…

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Financing & Insuring

Applying for a Mortgage Soon?

December 7, 2016
Get your credit mortgage ready with these 8 tips

We’ve created this handy infographic to help you understand and work to improve the factors that affect your credit score—an important consideration for any lender reviewing your mortgage application. Your credit score may influence what types of loans you can qualify for and what rate lenders will offer you, so it’s best to make it a priority as soon as possible in your home search. For more detailed information, download our free guide, 8 Credit Score Management Tips.

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Financing & Insuring

Should I Lock in My Interest Rate?

November 25, 2016

Should I lock in my interest rate today? Many people ask their loan officers, “When should I lock in my rate?” There’s no easy answer. It’s a little like asking when you should sell your stock or which mutual fund will perform better. It all depends on the market and your individual situation. Are you a well-qualified buyer? If you believe that rates are going to stabilize or improve, it might make sense to wait to lock in your interest rate. However, less qualified buyers…

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