‘Conforming loan limit’ may be a less familiar real estate term than the rest, but here are some things you’ll need to know about it and what it could mean for your biggest investment.
Everything You Need to Know About Fannie Mae’s New Home Ready Mortgage
February 10, 2016 by
Traditionally, getting a mortgage requires you to have a level of income appropriate to the size of home that you’re buying. But for a lot of low-income and minority borrowers, a simple measure of one person’s income isn’t an accurate measure of whether or not that person can afford a home.
Can You Give a Relative a Gift of Cash for a Mortgage Down Payment? Yes – Here’s How
October 21, 2015 by
A new house is a major investment. Even if you have a mortgage, the bank and the seller will still expect a sizable down payment. That’s why lots of people regularly gift down payments to friends and relatives – it’s a great way to help young people start out on the path of home ownership.
Saving Up for Your Down Payment? Try These Money-Saving Tips To Speed Things Up
June 3, 2015 by
One of the most significant challenges that many people face when preparing to buy a first home relates to saving money for a down payment. While there are many different loan programs with varying down payment requirements, the fact is that it can still be difficult to save up a large sum of money.
Saving Up for Your First Home? Our Guide to Finding Ways to Save Your Down Payment Faster
February 27, 2015 by
If your goal is to purchase a home, you may find that it is challenging to save up enough money for your down payment. While this is something that many first time home buyers struggle with, it is by no means insurmountable.
