If you’ve served in the United States Armed Forces, you may qualify for a Veterans Administration Loan, commonly called a VA loan. It’s a fabulous way to finance a home, especially your first home, because you can still get 100% financing – no down payment is required! Although the VA does charge a funding fee, [...]
Monday, May 5, 2008
Have you ever asked a lender if you can have more money than what the home you’d like to buy is worth? Did the loan officer laugh? Not any more – welcome to the FHA 203K Streamline Renovation Loan. With a 3% down payment – which can be saved by you or gifted by a family [...]
Saturday, March 29, 2008
Tumultuous and volatile have been two words that we’ve used a lot to describe the mortgage business and interest rate environment this year, but this past week was fairly calm in comparison, with interest rates varying only by about .25% during the week. Interest rates are determined by the pricing of mortgage bonds (also called [...]
Saturday, May 31, 2008
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