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13
Nov
2008
First Time Home Buyers Financing Basics
Posted by Greg Shuey as Down Payments, FHA Loans, First Mortgage, Mortgages, credit scores
As I’ve talked about recently, now has never been a better time for first time home buyers to get into a home. However, if you are a first time home buyer, you are probably overwhelmed by the many different financing options available to you. If you take the time to research the basics of obtaining [...]
12
Nov
2008
Understanding FHA Home Loans
Posted by Greg Shuey as Down Payments, FHA Loans, FHA Streamline Refinance, credit scores
For many first time home buyers, obtaining an FHA home loan is a great idea and probably the best choice you can have. FHA backed mortgages make it easier for individuals and families to get into home because of less strict borrower requirements such as…
Low minimum down payment (about 3% of the value of the [...]
06
Oct
2008
Do You Have To Get Private Mortgage Insurance
Posted by Greg Shuey as Down Payments, Mortgages
For those of you new home buyers reading this, did you know that if you don’t have a downpayment of at least 20% or more that you will have to carry private mortgage insurance (PMI) until your loan is paid down below that 80% mark?
In the past, some people have gotten around this rule by [...]
01
Oct
2008
Want To Be A More Attractive Mortgage Candidate?
Posted by Greg Shuey as Down Payments, Interest Rates, Mortgages, credit scores
It is getting harder than ever to obtain a mortgage, especially for those individuals with less than perfect credit and little money to put towards a down payment. The things that will affect your ability to obtain a mortgage loan are, your credit score, insufficient income for the size of the loan, insufficient down [...]
