by Irene Moustakas | Feb 11, 2009 | 1st Time Homebuyers, Tips
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...
by Irene Moustakas | Feb 6, 2009 | 1st Time Homebuyers, Miscellaneous
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,...
by Irene Moustakas | Feb 4, 2009 | 1st Time Homebuyers, Industry News, Loan Programs and Products, Tips
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...
by Irene Moustakas | Jan 26, 2009 | 1st Time Homebuyers, Industry News, Loan Programs and Products, Tips
UPDATED JANUARY 13, 2010: Please refer to my most recent post regarding minimum down payment requirements. They are based on loan amount range as well as property type....