Try Your Payment on for Size
Buying your first home can be scary, confusing and even out-of-reach. Many struggle with saving "enough" money for down payment. I've got a strategy that will help you prepare for…
Zero Down Payment Options
https://youtu.be/i8kr0E1vJrQ There is a BIG misunderstanding about what it takes to buy a home and getting a mortgage surrounding the topic of down payment. Many believe it takes 5%,…
What is the minimum down payment required?
How much money do you need for down payment? Well, it depends. There are four major loan programs available (Conventional, FHA, VA & USDA). Each of these programs has a…
What is included in mortgage closing costs?
"Closing costs" is a fairly broad term that can mean many different things. You could ask five different people and you will likely get five different answers. Let's dig in…
Can I use a gift for down payment?
Yes.Ok, maybe I should give you a little more information. A simple "yes" isn't too helpful.Depending on the loan program you are using there are certain rules and requirements that…
20% Down Not Always Best
20 Percent...the magic number for mortgages, right? Well, I am here to tell you that 20% down payment is not always best. Sometimes putting down less money can be better…
CHFA RISC has been ELIMINATED
Have you heard of the CHFA RISC (Risk Information Score Card)? I will explain what it is real quick in case you haven't. CHFA wanted to avoid being adversely selected…
Acceptable Sources for Mortgage Down Payment
Every so often I go through Zillow to look for questions people have about the mortgage process. I came across one that I wanted to expand upon related to down payment. The…
Conventional 0% Down
Did you know there were Conventional Loans with 0% down?! I've got two: Metro Mortgage Assistance Plus: Conventional 3% Down (I thought you said 0% down!? I did, check out…
BIG Change to CHFA!!
I am not sure what you know about CHFA but they have made some big changes over the past couple of years and they just made another change that could help…