In an effort to boost home loan lending to lower- and moderate-income borrowers, Fannie Mae has created a new program called “HomeReady.” Fannie didn’t release… Read More »Fannie Mae HomeReady Will Help Lower Income Borrowers Get Mortgages
It sounds like the credit box is beginning to open up a bit more, maybe too much if the latest product announcements are any indication.… Read More »Jumbo Loans Now Available with Just 5% Down
So the inevitable happened – the U.S. stock market corrected after questions about the questionable Chinese economy sparked a global selloff. Over the past few… Read More »Is the Stock Market Correction Good or Bad for Homeowners?
A new survey from online real estate brokerage Redfin regarding home buyer sentiment found that existing owners are a lot more likely to sell before… Read More »New Real Estate Trend: Sell Existing Home Before Buying Another
The Federal Housing Administration (FHA) already has some of most relaxed mortgage underwriting guidelines around, but many lenders don’t originate loans based on their standards.… Read More »Why It Might Get Easier to Obtain a FHA Loan with a Poor Credit Score
Mortgage Q&A: “How to pay the mortgage with a credit card.” First things first; banks, mortgage lenders, and loan servicers don’t accept credit cards as… Read More »How to Pay the Mortgage with a Credit Card (or a Debit Card)
Below is an extensive and exhaustive (and silly but somewhat serious) list of places where it might not make the best sense to buy a… Read More »100+ Not So Great Places to Buy a Home
Think it’s hard to get a mortgage? How about a loan modification via the Treasury’s Home Affordable Modification Program (HAMP). A new report from SIGTARP,… Read More »Four Million Homeowners Denied HAMP Loan Modifications, More Changes Coming?
It’s no secret that there is a lot of confusion surrounding mortgages. One of the main gripes is that requirements aren’t the same across different… Read More »Why Your Mortgage Lender Asks for More Than Is Required
Party like it’s 2006! Mortgage brokers are now able to peddle interest-only mortgages to qualified borrowers nationwide. Oh wait, that last part about being qualified… Read More »You Can Get Interest-Only Mortgages from Mortgage Brokers Again
