Today, we celebrate the triumph of women becoming the largest sector of homeowners compared to single men. According to The Pew Research Center, single women owned 58% of the nearly 35.2 million homes owned by unmarried Americans, while single men held 42%.
Obtaining a home loan is a crucial step towards achieving your homeownership goals. While the process may seem complex, we're here to provide you with the knowledge and strategies to navigate it confidently.
There are many myths and misconceptions about buying a home that can prevent people from taking the plunge. In this article, we'll debunk six common myths about buying a home.
Are you dreaming of owning a home but feel that it’s financially out of reach? Don't give up just yet! There are several creative ways to save for homeownership.
The Pathway to Homeownership initiative by New American Funding (NAF) has expanded to reach new markets, making the American Dream of homeownership more attainable for more people.
New American Funding's NAF Heroes initiative stands as a shining example of commitment and support, a testament to the resilience and hope that define the American spirit.
Ultimately, the decision between a Cash-Out Refinance and a HELOC depends on your individual financial situation and goals. Consider factors such as interest rates, repayment terms, tax implications, and your need for flexibility in accessing funds.
A HELOC is a flexible line of credit secured by your home's equity. It allows you to withdraw funds as needed, while a second mortgage is a lump-sum loan also secured by your home's equity.
A Cash-Out Refinance is a financing method that allows homeowners to tap into their home equity by refinancing their current mortgage for a more significant sum of money. The homeowners receive the difference between the new and original mortgage in cash and can use it as they wish.
A Reverse mortgage is a loan available to qualifying homeowners aged 62 or older, allowing them to convert a portion of their home equity into cash. It's a valuable financial tool for seniors looking to access their home equity during retirement.