The process of accepting a gift for your down payment isn’t complicated, and by following these simple rules, you can be sure that the underwriter who is reviewing your file will look at it with an approving eye.
Here are the requirements for FHA, VA and Fannie Mae/Freddie Mac loans if you have been involved in a short sale or foreclosure.
If you are closing on your home and a natural disaster strikes, plan on delaying your closing until the lender verifies a few things.
When considering refinancing, the first step is to identify your goal. Do you just want a lower monthly payment? Do you want to get cash in exchange for some of the equity you have built up in your home?
Knowing these four facts can help you make the right decision and possibly save money each month by avoiding mortgage insurance all together.
Whether to pay off your mortgage after you receive a large sum of money really boils down to making a personal decision vs. a financial one.
The FHA recently announced temporary changes in some of the rules for a condominium complex to become FHA certified.
The FHFA has announced an increase in guarantee fees, which will translate into about a 0.5 percent jump in mortgage rates in the near future.
The new guidelines, going into effect Nov. 1, are designed to streamline the process and include some homeowners who are current on their mortgage payments.
Many people know that now is a great time to buy a home, but they may be worried about large down payment requirements.
When paying off your mortgage early, there is one simple rule that can save you thousands: Faster is better.
Based on recent comments from the Federal Reserve, housing may be “extremely affordable” for at least the next year or so.
Although the program may not be perfect, homeowners who were previously unable to refinance have been able to do so through HARP 2.0.
Here’s everything you’ll need to know to determine whether you’re eligible for the Home Affordable Refinance Program.
The FHA streamline refinance program has recently reduced mortgage insurance premium rates for FHA loans endorsed prior to June 2009.