A Gift as Your Down Payment

by | Aug 26, 2009 | 1st Time Homebuyers, Tips

If your family has the ability to gift you money to use towards the down payment on your home purchase, we need to make sure that it complies with certain rules. Here are some highlights and tips you should be aware of: CONVENTIONAL LOANS: If your total down payment...

Home Affordable Modification

by | Aug 19, 2009 | Tips

For those of you whom are unable to refinance because your value has declined and who do not qualify under the Fannie Mae Refi Plus program, your only option is to ask your servicer for a loan modification. I’m working on gathering information from people who...

Loans by Irene on Facebook!

by | Aug 14, 2009 | Miscellaneous

I now have a Facebook business profile page! Click on the link below to sign in, and if you’d like, become a fan. In addition to linking blog posts, I will be putting short and quick tips, pointers and updates. Loans by Irene on Facebook Thanks! Share this:Click...

When you’re looking to buy a home…

by | Aug 11, 2009 | Tips

Be wary of the property’s condition and the work that needs to be done. You may be a handy, do-it-yourself person, but lenders have specific rules about what constitutes a “livable” home. Even if you agree to buy the home “as-is”, the...