Bank of America Coronavirus Resource Center See details Sign In Locations Contact Help En español My Priorities saved Search Menu Homeownership Homeownership is a big decision, investment and responsibility. Get homebuying tips to make smart decisions before and after you buy. Choose a filter Most Popular Did you know? from Better Money Habits Looking to lower your energy bills and increase the value of your home? Investing in insulation will accomplish both. What to know before buying a home with family Preparing to buy a home for multigenerational living? Here are the decisions you and your family will need to make. Read more The pros and cons of buying vs. renting a home Watch video Tips for buying a second home Buying a second home can be great for vacation or income. Get to know the benefits and considerations before your purchase. Read more Buying a home within your comfort zone What will your mortgage payment be? Learn how to calculate the cost and budget for a home that will fit your finances. Read more How much home can you afford? Watch video Did you know? While the home buying process might seem complex at first, the more you know about it, the smoother the ride may be. Did You Know? While the home buying process might seem complex at first, the more you know about it, the smoother the ride may be. Get going Did you know? A good rule is to spend no more than 28% of your income, before taxes, on housing costs like mortgage or rent. Did You Know? A good rule is to spend no more than 28% of your income, before taxes, on housing costs like mortgage or rent. Learn more The true cost of renting a place Watch video Home renovation costs: 5 improvements to boost your home’s value View infographic What are mortgage points? Find out how mortgage points can lower your monthly mortgage payments over time. Read more What to know about the home appraisal process Before you finish buying, selling or refinancing a home, learn the ins and outs of home appraisals. Read more What happens at closing? Closing is the last step in your home purchase. Get an understanding of what to expect at closing before you go. Read more Renting vs. owning Whether you own or rent, each has its benefits and challenges. These insights can help you understand the pros and cons. Read more What is a home equity line of credit (HELOC)? A HELOC has many pros and cons. Learn whether it’s the right financial tool for you to borrow against the equity in your home. Read more How debt-to-income ratio (DTI) affects mortgages Learn what your debt-to-income ratio (DTI) is, how to calculate it and how it impacts mortgage, refinancing and lines of credit so you can qualify for the home of your dreams. Read more This way to a home of your own View infographic Fixed vs. adjustable rate mortgages Watch video Moving must-dos When it comes to moving, having a proper plan and knowledge can be a big help. Use this checklist to ease the burden of moving. Read more How VA home loans work Watch video What is a cash-out refinance? Read more Top 5 reasons to refinance and the pros and cons of each Low interest rates could be an opportunity to save money on your mortgage. Here’s how to know if refinancing may be worth it. Read more How to calculate your home equity Understanding home equity will help you know your financial options. See how it’s calculated and how to increase it. Read more Renting a new place? Here’s how much it will cost to move Watch video What are closing costs? Closing costs can include everything from attorney fees to taxes. Know what to expect before you sign. Read more Is a home equity line of credit right for me? Borrowing against home equity is a big decision for homeowners. Learn about five benefits and potential risks. Read more Buying a home with a low down payment View infographic Show More Bank of America and its affiliates do not provide legal, tax or, accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Connect with us Bank of America Privacy Security Careers Sitemap Advertising Practices Education Resource Center Terms of Use Not all content is available in Spanish. Bank of America, N.A. Member FDIC. Equal Housing Lender © 2021 Bank of America Corporation. All rights reserved.