ARCHIVED BLOG POSTS
2008
Your Realtor is absolutely right. Qualifying for a mortgage has become more challenging in a number of ways: •1) Larger Down Payments Required - 100%,"No money down" financing deals are gone. You can still put 3% down using an FHA loan, but for the most part, conventional financing is a mini...
05/29/2008
0
Comments
Big changes at are coming... Currently, the FHA has a 'one size fits all' premium structure that charges borrowers 1.50 percent of the loan balance upfront and .50 percent annually regardless of their credit standing. But the FHA felt this approach did not treat borrowers equitably and could put ...
05/29/2008
Rainmaker
118,963
118,963
Stephen Katz
Branch Manager, CMPS