Mortgages, down payments and the cost of buying a house

Real Estate Today

Let’s find out the best way to get a great mortgage to buy the home of your dreams. REALTOR® Arlene Castellano from Springfield, Massachusetts shares why it’s important to get preapproved for a mortgage before you search for a new house. Bob Walters, the recently retired CEO of Rocket Mortgage, discusses Rocket’s ONE+ home loan, which only requires a 1% down payment, while they enact a 2% down payment grant. To boot, the loan won’t require any mortgage insurance. Credit expert Gerri Detweiler explains the importance of your credit score, and Down Payment Resource’s Marcy Ash discusses some down payment assistance programs that can help buyers get into a home. Also, Melissa Dittmann Tracey talks about kitchen trends and whether colorful kitchen appliances or stainless steel kitchen cabinets and pantries are hot or not.