<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Homebuyer Archives - Bundle</title> <atom:link href="https://bundleloan.com/category/homebuyer/feed/" rel="self" type="application/rss+xml" /> <link>https://bundleloan.com/blog/category/homebuyer/</link> <description></description> <lastBuildDate>Thu, 18 Nov 2021 13:54:56 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.3.5</generator> <image> <url>https://bundleloan.com/blog/wp-content/uploads/2021/02/favicon.png</url> <title>Homebuyer Archives - Bundle</title> <link>https://bundleloan.com/blog/category/homebuyer/</link> <width>32</width> <height>32</height> </image> <item> <title>Homebuyer Resources</title> <link>https://bundleloan.com/blog/homebuyer-resources/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Thu, 12 Aug 2021 17:30:56 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=1715</guid> <description><![CDATA[<p>These are some great homebuyer resources we recommend. Some are our competitors! We want you to make great financial decisions. </p> <h2>Homebuyer Resources</h2> <h3>Home Budgeting</h3> <p> <a href="https://bundleloan.com/mortgages/how-much-house-can-i-afford/quiz">Bundle Home Price Budget</a> – Interactive tool that helps you figure out how much house you can afford.<br /> <a href="https://www.nerdwallet.com/mortgages/how-much-house-can-i-afford" target="_blank" rel="noopener noreferrer"> Nerd Wallet Affordability Calculator</a> – Quick calculator that converts a monthly payment to a home price.<br /> <a href="https://digs.co/consumers/" target="_blank" rel="noopener noreferrer"> Digs</a> – App that helps you save for a down payment and track your home's value. </p> <h3>Searching for a Home</h3> <p> <a href="https://www.zillow.com/" target="_blank" rel="noopener noreferrer"> Zillow</a> – …</p> <p>The post <a href="https://bundleloan.com/blog/homebuyer-resources/">Homebuyer Resources</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>What is the Home Buying Process?</title> <link>https://bundleloan.com/blog/what-is-the-home-buying-process/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Mon, 12 Apr 2021 19:43:04 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=1250</guid> <description><![CDATA[<p>What is the Home Buying Process? Before we get started on the process and the key players, let’s get one thing straight, out of everyone involved, you are the most important person in the home buying process.</p> <p>After you complete your budget, ask yourself a simple question. Are you comfortable buying a home based on your monthly budget and your savings goals? This is so important. While real estate agents and loan officers are professionals and have a responsibility to …</p> <p>The post <a href="https://bundleloan.com/blog/what-is-the-home-buying-process/">What is the Home Buying Process?</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>How Much Does a Mortgage Cost?</title> <link>https://bundleloan.com/blog/how-much-does-a-mortgage-cost/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Mon, 12 Apr 2021 19:37:15 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=1245</guid> <description><![CDATA[<p>It’s important to understand how much your mortgage will cost. Remember that these costs are in addition to the amount you borrowed and can be almost as much as that amount.</p> <p>If you borrow $285,000 at a 5 percent interest rate, you’ll pay back that $285,000 plus $266,000 in interest over thirty years, for a total of $551,000. And that interest is just one of the costs—there are others as well.</p> <p>The cost of your mortgage can be separated into …</p> <p>The post <a href="https://bundleloan.com/blog/how-much-does-a-mortgage-cost/">How Much Does a Mortgage Cost?</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>What is a Credit Score?</title> <link>https://bundleloan.com/blog/what-is-a-credit-score/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Mon, 12 Apr 2021 19:24:57 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=1239</guid> <description><![CDATA[<p>A credit score is a number between 300 and 850 that is based on your credit history. Now that you know how your down payment affects the cost of your mortgage, let’s talk through your credit score, which also impacts the cost of your mortgage. </p> <p>This score gives banks an indication of how you’ve done, in the past, as far as paying back your loans, including student loans, credit card balances, auto loans, and mortgages.</p> <p>If you’ve been late on …</p> <p>The post <a href="https://bundleloan.com/blog/what-is-a-credit-score/">What is a Credit Score?</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>What is a Down Payment?</title> <link>https://bundleloan.com/blog/what-is-a-down-payment/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Mon, 12 Apr 2021 19:00:12 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=1224</guid> <description><![CDATA[<p>When you buy a home, you’ll typically be required to make a down payment. This is an amount that you must pay up front, the day you buy the house.</p> <p>It’s common for people to refer to down payments as a percentage. For example, if you buy a home for $300,000 and make a 10 percent down payment, the amount would be $30,000. That means you’d need a mortgage of $270,000 to cover the remainder of the home price.</p> <p>20 …</p> <p>The post <a href="https://bundleloan.com/blog/what-is-a-down-payment/">What is a Down Payment?</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>What is a Mortgage?</title> <link>https://bundleloan.com/blog/what-is-a-mortgage/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Mon, 12 Apr 2021 18:54:00 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=1194</guid> <description><![CDATA[<p>What is a mortgage anyway? If you are thinking of buying a home, you might be asking yourself this simple question.</p> <p>If you’re buying a home with a price of $300,000, you have two options. The first is to pay cash. In other words, use $300,000 of your savings to pay the person selling the home. Most home buyers simply don’t have enough in savings to cover the full price of the home they’re purchasing, so they need to take …</p> <p>The post <a href="https://bundleloan.com/blog/what-is-a-mortgage/">What is a Mortgage?</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>6 Mortgage Traps to Avoid</title> <link>https://bundleloan.com/blog/6-mortgage-traps-to-avoid/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Thu, 27 Aug 2020 16:00:52 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=936</guid> <description><![CDATA[<p>Mortgages are confusing. Even worse, banks <b><em>know</em></b> mortgages are confusing and they use that confusion to their advantage — and to your detriment. </p> <p>After spending 15 years in the mortgage industry, I want to share the 6 most common mortgage traps that can hurt you when you are looking for a mortgage.</p> <h3>1. Lenders Don’t Want You to Shop Around</h3> <p>Banks don’t want competition. They’ll do everything they can to be the only horse in the race. This way, they …</p> <p>The post <a href="https://bundleloan.com/blog/6-mortgage-traps-to-avoid/">6 Mortgage Traps to Avoid</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>Loan Officer</title> <link>https://bundleloan.com/blog/loan-officer/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Sun, 13 Oct 2019 21:14:08 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <category><![CDATA[Key Mortgage Terms]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=505</guid> <description><![CDATA[<p>A loan officer is a representative of a financial institution who helps borrowers acquire a mortgage loan. They are the borrower’s primary contact with the bank. These representatives may also have different titles such as mortgage broker or mortgage consultant.</p> <p>A loan officer will help determine how much of a mortgage you can be approved for. They can help you sort through options, explain some of the complex terminology. A good one will recommend a mortgage and loan amount that …</p> <p>The post <a href="https://bundleloan.com/blog/loan-officer/">Loan Officer</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>Loan Estimate</title> <link>https://bundleloan.com/blog/loan-estimate/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Sun, 13 Oct 2019 20:47:06 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <category><![CDATA[Key Mortgage Terms]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=497</guid> <description><![CDATA[<p>A Loan Estimate is a three-page form you receive from a lender after applying for a mortgage. This will detail important information such as your estimated interest rate, monthly payment, and total closing cost of your mortgage loan. You can find a great example <a href="https://www.consumerfinance.gov/owning-a-home/loan-estimate/" rel="noopener noreferrer" target="_blank">here</a>.</p> <p>You should review your loan estimate carefully. Hold on to the form and so you can compare it to your <a href="https://www.consumerfinance.gov/owning-a-home/closing-disclosure/" rel="noopener noreferrer" target="_blank">Closing Disclosure</a>. You’ll receive your closing disclosure at least three days before you …</p> <p>The post <a href="https://bundleloan.com/blog/loan-estimate/">Loan Estimate</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> <item> <title>Lender Credit</title> <link>https://bundleloan.com/blog/lender-credit/</link> <dc:creator><![CDATA[Eric Mager]]></dc:creator> <pubDate>Sun, 13 Oct 2019 20:29:20 +0000</pubDate> <category><![CDATA[Homebuyer]]></category> <category><![CDATA[Key Mortgage Terms]]></category> <guid isPermaLink="false">https://bundleloan.com/blog/?p=491</guid> <description><![CDATA[<p>A lender credit is an amount that decreases the upfront costs of your mortgage but will likely result in a higher interest rate.</p> <p>You’re able to see lender credits on the 2nd page of the Loan Estimate. You can use the credit to pay loan costs or to fund your escrow account, but you can’t use it for your down payment.</p> <p>It’s important understand that a lender credit is not free. Think of it as a trade for a higher …</p> <p>The post <a href="https://bundleloan.com/blog/lender-credit/">Lender Credit</a> appeared first on <a href="https://bundleloan.com/blog">Bundle</a>.</p> ]]></description> </item> </channel> </rss>