2009 Loan Limits Set to Increase
Many of you know that the high balance conforming loan limit decreased from $729,750 to $625,500 in January 2009. This has hurt many people whose loans fall into that bracket. But there is good news! The House and Senate passed the American Recovery and...How Changing Your Exemptions Can Help You Make Your Mortgage Payment
Many home buyers take a look at their proposed total homeowner payment responsibilities (mortgage, property taxes, insurance and Mortgage Insurance, if applicable), and think, “There’s no way I can make that payment; I barely have enough take-home pay from...New Page Added: Mortgage Terms
I’ve added a new page! “Mortgage Terminology” can be found in the sidebar underneath “About / References.” I’ll add terms periodically and as they come up. If there’s anything missing that you’d like me to define,...Minimum Down Payment Requirements
I received a lot of additional questions to my January 26th post regarding the 5% down payment option, so I would like to go over down payment requirements for other property types and loan amounts. The following is limited to conventional loans. Down payment...Loan Calculator
Try for free!
Free eBook
