Mortgage insurance: Added cost to homebuying or smart way to get in?

Mortgage insurance: Added cost to homebuying or smart way to get in? (BPT) – The homebuying process is exciting, but can also seem fraught with added costs, like a home inspection, title insurance and closing costs. And if you can’t afford a full 20 percent down payment on a conventional home loan, then you will […]

Hudson Valley Aerial Photography by DA SKY

Alexander Maxwell Realty: Rent vs. own: Which is right for you?

(BPT) – If you’re thinking of buying your first home, you’ve probably wrestled with the decision to rent or own your home — and for good reason. Owning a home is a big commitment. With it comes a lot of responsibility and a long-term financial relationship. But which is right for you? To answer that, […]

Hudson Valley Aerial Photography by DA SKY

Alexander Maxwell Realty: How you can improve your FICO Score.

(BPT) – Anyone who has tried to borrow money to purchase a car, buy a home or open a revolving line of credit may be familiar with the term FICO Score. Most lenders use this scoring model, which essentially determines a person’s creditworthiness. “The FICO Score may seem like a big, daunting mystery, especially since […]

Hudson Valley Aerial Photography by DA SKY

Let’s do the Math: Homebuying now may save a lot.

(BPT) – It is a common misconception that a 20 percent down payment is required to buy a home. Advice to wait and save a large down payment is often based on the theory that the cost of mortgage insurance (MI), which is required when you buy with a smaller down payment, should be avoided. […]