Your Guide to Homebuying
Homebuying Articles & Resources
Your Guide to Homebuying
Buying a home is a big step, and understanding the process can help you feel more prepared. Explore helpful articles, tips and resources covering everything from budgeting and mortgages to preparing for closing and homeownership.
Making Homeownership More Accessible
Learn about Parke Bank’s HomePLUS Program, designed to help expand access to homeownership in eligible Philadelphia communities.
Home Inspections Explained
Home Inspections Explained Purchasing a home is a major investment, and a home inspection helps you better understand the property's condition before moving forward. What Does a Home Inspector Look For? A home inspection typically includes a review of: Roof Foundation...
Renting vs. Buying: Is It Time to Invest in Yourself?
Renting vs. Buying: Is It Time to Invest in Yourself? Renting offers flexibility, but many renters eventually wonder if they're paying toward someone else's investment instead of their own future. Benefits of Renting Renting may be beneficial if you: Need flexibility...
Buying a Home with Limited Savings
Buying a Home with Limited Savings One of the most common reasons people delay buying a home is because they think they need tens of thousands of dollars saved for a down payment. In reality, there are loan programs and assistance opportunities designed to help...
Can I Buy a Home with Bad Credit?
Can I Buy a Home with Bad Credit? Many people assume that a lower credit score automatically prevents them from buying a home. While credit is an important factor in the mortgage process, having less-than-perfect credit doesn't always mean homeownership is out of...
PMI vs. No PMI: What’s the Difference and Why Does It Matter?
PMI vs. No PMI: What's the Difference and Why Does It Matter? If you're preparing to buy your first home, you've probably heard the term "PMI." Like many mortgage terms, it can sound confusing at first. Understanding what PMI is and how it impacts your monthly payment...
Mortgage Terms Explained: A Beginner’s Guide to Home Loan Lingo
Mortgage Terms Explained: A Beginner's Guide to Home Loan Lingo Buying a home comes with plenty of excitement, but it also introduces a whole new language. Terms like "pre-approval," "escrow" and "PMI" can feel overwhelming if you're purchasing a home for the first...
Homebuying 101: You Don’t Have to Be Rich to Buy a Home
Homebuying 101: You Don't Have to Be Rich to Buy a Home Many people believe they need a high income, perfect credit and a large savings account before they can buy a home. The truth is that many first-time homebuyers begin the process with questions, concerns and...