If there is one thing that can ruin your chances at getting approved for a mortgage, it is a poor credit score. Every program has different requirements regarding how low your credit score can go, but for the most part, lenders want to see a score that is at least within the “good range” of the Read more
Archives for June 2016
What Does Brexit Mean For Mortgage Rates?
After last week's vote where Britain voted to leave the European Union, the financial markets have started to react and it appears that it may be the start of a "new normal" for a while.Upon the votes being counted and once it was clear that Britain was going to leave, investors flocked to buy Read more
Right Down Payment Amount for Your New Home Purchase Loan
When it comes to putting money down on a home, the standard school of thought is to put down at least 20 percent. What happens to those people that don’t have that amount? Or those people that do not want to invest that much into their home? There are a variety of programs available that allow you Read more
Where are the Acceptable Sources of FHA Down Payment Funds?
FHA loans are a great way to get into a home without putting a large amount of money down. Most borrowers put down just 3.5 percent on the home and finance the rest. Lenders are able to feel comfortable funding a loan-to-value ratio this high because the FHA provides them with a guarantee; if the Read more
Refinance Your Home with HARP®
The Home Affordable Refinance Program (HARP®) stands by its name of helping homeowners refinance into more affordable loans with a simpler and faster approach.Since 2009, HARP® has helped millions of underwater mortgage borrowers whose homes have little equity or a loan balance that exceeds the Read more
