Down Payment Assistance
Local and state governments often offer down payment assistance to low-income mortgage borrowers. This can make it easier for them to get a good interest rate as well. more
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Down Payment
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Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
FHA Property Improvement Loan Insurance (Title I)
Homeowners can get low-cost home improvement loans with the help of FHA mortgage insurance. Depending on the type of property, these loans can be as much as $60,000 and last as long as 20 years. more
Reverse Mortgages
Reverse mortgages are often used as a form of retirement funds for seniors with substantial equity in their homes. They are loans that give homeowners a lump sum or monthly payments to use for any purpose. more
The Mortgage101 Blog
Gov’t Expands Homeowner Rescue Plan, While Rates and Mortgage Apps Dip
According to the Wall Street Journal, the Obama administration is redefining who can qualify for government assisted refinance programs. Apparently the original guidelines were not broad enough to help those most struggling with their loans. After all, the first rules limited homeowners to having a 105 percent loan to value ration on their homes, yet according... more
