When buying a new home, a 20 percent mortgage down payment has long been touted as the ideal. However, many lenders no longer expect homebuyers to come up with such a large lump sum and are making mor
Whether you are looking for your first home or your fifth, it’s important to understand your mortgage options before you start shopping. Not all home loans are created equal, and the perfect mortgage
In late August, President Joe Biden announced targeted student loan relief for some low- to middle-income borrowers. With more than 45 million borrowers owing a cumulative $1.6 trillion in federal stu
Housing inventory is up, and bidding wars are down. This means there are more houses to choose from, and buyers can purchase a home without having to fight for it or offer thousands over the asking pr
As a first-time homebuyer, by the time you reach the closing table, you have been bombarded with dozens of different calculations, percentages, and unfamiliar terms. One of the new terms that can be e
There is a common misconception that homebuyers with conventional loans must put down 20 percent of the purchase price at closing. In reality, many buyers either don’t have that much cash in hand or c
Buying a home is a huge investment, and few people have cash on hand to make the purchase outright. Most homebuyers work with a bank or mortgage lender to borrow money to buy their home.
Many first-time homebuyers are so laser-focused on figures such as purchase price, down payment, and mortgage rate that they don’t consider other significant expenses, such as closing costs. This over
current_page_num+2: 4 - disabled
Our team is here to help. BNC National Bank has helped families find the right loan to fit their needs for decades.
Learn more