What Is Home Equity? A Guide for First-Time Homeowners
Home equity is the difference between a home’s value and debt secured by it. Learn how principal paydown, values, and borrowing can change equity.
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Articles
Practical answers for renters who want to understand the path to homeownership.
FHA vs. Conventional Loans: Which Is Better for a First-Time Buyer?
Compare FHA vs. conventional loans for first-time buyers, including down payment, credit, mortgage insurance, property rules, and long-term cost.
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Renting vs. Owning: The True Monthly Cost Comparison
Compare the true monthly costs of renting vs. owning, including mortgage payments, taxes, insurance, maintenance, rent increases, and equity.
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How Much Money Do You Actually Need to Buy Your First Home?
Learn how much money a first-time homebuyer may need for down payment, closing costs, prepaid expenses, inspections, moving, and reserves.
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Where Does Your Rent Money Go—and What Could You Be Building Instead?
Learn the difference between paying rent and building home equity, including principal reduction, ownership costs, flexibility, and long-term tradeoffs.
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7 Signs You May Be More Ready to Buy a Home Than You Think
Discover seven signs you may be ready to buy a home, from stable income and savings to rising rent, improving credit, and long-term plans.
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Do You Really Need 20% Down to Buy a Home?
Do you need 20% down to buy a home? Learn about low-down-payment conventional, FHA, VA, and assistance options for qualified buyers.
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Rent vs. Buy: How to Know When You’re Ready to Stop Renting
Use this rent vs. buy guide to decide whether you may be ready to stop renting, including budget, time horizon, credit, savings, and lifestyle factors.
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The Hidden Cost of Waiting: What Another 3 Years of Renting Could Cost You
Learn how to evaluate the cost of waiting to buy a home, including three more years of rent, rent increases, changing rates, and delayed equity.
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Make It Yours: Own Your Home Today
Homeownership can offer control, stability, and potential equity. Learn how owning differs from renting and when it may make sense to explore buying.
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