More millennials are finally leaving their parents’ homes to form their own households, but they may need financial help to do it. A new report by consumer lender loanDepot shows that about two-thirds of parents – or 67 percent – will use savings to help their children buy a home. loanDepot surveyed 1,000 parents and 1,000 millennials (those between 18 and 38 years old) to find out about parents’ financial assistance in a home purchase. Seventy-five percent of the millennial-

Get Preapproved! In a hot market, like the one we’re in, with lots of multiple offers, having a preapproval document from your mortgage lender is essential. Without it, your offer will probably be rejected. What is a preapproval? A preapproval is different from a prequalification. With a prequalification, the lender relies on information provided by the buyer to estimate how much the borrower could qualify for. With a preapproval, the lender verifies the borrower's informatio

How to Know if a Buyer is Qualified One of the most intimidating parts for people who are attempting to sell their home on their own is determining if the buyer is actually qualified to buy. It can be hard to trust someone that you have never met when attempting to work with them in such a huge financial transaction. This is probably the time where you feel you really do need an expert to help you. Don’t run out and give up! Here are a few questions you can ask in order to ea