Home Financing Info: You saw an online ad for low mortgage rates and decided to apply — just to see if you qualify. Now your phone is buzzing nonstop, and lenders are emailing you about "DTIs" and W-2s. The onslaught of financing questions can be baf...
Read more
5 Things to Know About VA Financing: Demand has been sizzling for Veterans Affairs mortgages, better known as VA loans. These mortgages do not always require a down payment and are available to military veterans and active military members. VA loans are ...
Read more
How is a cash deal different than financing? Buyer would provide a proof of funds letter or bank statement instead of prequalification letter when making an offer. Buyer has more negotiating power because there is no financing contingency. A cash deal can...
Read more
Here are the ten reasons why the proposed Fannie Mae and Freddie Mac reform is a win for Americans. 1. Preserve What Works That's the 30-year fixed rate residential mortgage. FNMA and FHLMC are absolutely critical to the housing market. Al...
Read more
Info on Interest Rates and Financing: Who Determines Interest Rates? Interest rates are typically determined by a central bank in most countries. In the United States, a forum is held once per month for eight months out of the year to determine interest...
Read more
Buying Tip: Ways to Help Speed the New Mortgage Process The new "Know Before You Owe" or TILA RESPA Integrated Disclosure (TRID) rule from the Consumer Financial Protection Bureau (CFPB) starts October 3, 2015. The rule not only requires new mortgage di...
Read more