Big Rally in Interest Rates
After news on the Fed’s announcement yesterday to continue to purchase mortgage-backed securities, interest rates started improving significantly. This morning’s rates were the bottom of what I’ve seen. If you were on my Watch List, you got a call...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...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...ARMs: What Happens When They Enter Adjustment
I’ve received many calls recently from referrals and new clients asking about refinancing out of their ARM and into a Fixed Rate Mortgage. Depending on the value of their house, their credit score and qualifying, sometimes I can help them, sometimes I can’t. But...5% Down Payment, Conventional Loan Available
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....Loan Calculator
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