HomeReady, the mortgage option that allows borrowers to qualify with income from non-borrower family members, is getting upgrading. It’s Going to Be Easier to Get a 3 Percent Down Mortgage That’s according to government-sponsored mortgage titan Fannie Mae, who announced the following ... » Learn More about It’s Going to Be Easier to Get a 3 Percent Down Mortgage
Mortgage Tips
First-time buyers: You’re closer to a down payment than you think
For many first-time buyers, saving to get a down payment is considered the most difficult step in the home-buying process. However, it's really a common misconception that you need 20% down to purchase a home. Actually, lenders throughout the country offer mortgage products with very affordable ... » Learn More about First-time buyers: You’re closer to a down payment than you think
The expense of home renting vs. owning in Florida
Personal finance website GOBankingRates.com released a guide detailing how monthly rent compares to monthly mortgage payments all over the U.S. To check out the price breakdown for all U.S. states, visit the GOBankingRates website. The bottom line: the expense to own a house as opposed to to rent ... » Learn More about The expense of home renting vs. owning in Florida
Precisely what do Sellers and buyers Pay in Closing Costs?
Rarely will a buyer or seller show up to the closing without knowing exactly what their costs of sale will be. In fact, depending on the mortgage loan amount of the purchase/sale price, it’s not hard to ballpark either side’s closing costs. Before you get too far along in the process, ask your ... » Learn More about Precisely what do Sellers and buyers Pay in Closing Costs?
Fifth Third Mortgage offers mortgage with no down payment
Fifth Third Mortgage could be the latest lender to enter the slowly growing playing field of mortgage companies offering low down mortgages, taking it one step further by announcing - for those who qualify - a zero down payment mortgage program. Its down payment assistance program offers 3% of the ... » Learn More about Fifth Third Mortgage offers mortgage with no down payment