Are you eligible to stop paying monthly mortgage insurance?
When you buy or refinance a home with a mortgage that exceeds 80% of the value of the home mortgage insurance is normally required. Mortgage insurance, or MI, provides you…
How long do you need to wait to buy a home after a foreclosure?
Going through a foreclosure and losing your home can be devastating. The good news is that buying a home is still possible. Depending on the circumstances and the loan program…
How long do you need to wait to buy a home after a bankruptcy?
Have you had a bankruptcy? Wondering how long before you can buy a home? I'm here to give you that answer. And, just like everything in mortgages, it depends. It…
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…
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…
Five Hurdles to Mortgage Qualifying
Everyone has heard of the tightening of the credit market but what does that really mean to you? What does that really mean to you as a home buyer? Over…