One of the most common misconceptions about mortgages is that you need 20% down to buy a home. Nothing could be further from the truth. The fact is that there The post 5 Ways to Buy a Home wit...
What the minimum down payment requirement for a conventional loan? Although most people assume they need a 20% down payment to buy a home, there are low down payment conventional The post Conv...
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Here’s one thing you should know as a first-time or repeat home buyer: You don’t have to come up with a down payment by yourself. Family members can help. If The post Down Payment Gift Mon...
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A conventional refinance is one of the most versatile loans in today’s market. Conventional refinances can convert any type of mortgage loan into a conventional loan. Simultaneously, a conventi...
An 80 10 10 loan is a mortgage option in which a home buyer receives a first and second mortgage simultaneously, covering 90% of the home's purchase price. The buyer puts just 10% down. This l...
Most conventional loans are what’s known as “conforming loans,” which “conform” to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower cost...
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FHA loans are popular for a good reason. They help home buyers especially first-time home buyers — get competitive mortgage rates even if they have lower credit scores or higher The post How...
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You can buy a house for an elderly parent and get better interest rates by classifying it as "owner occupied." The Family Opportunity Mortgage is a great way to help aging parents. The post Fan...
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What is the conventional 97 loan program? The Conventional 97 program allows homebuyers to get a conventional mortgage loan with only 3% down. The program is named for the 97% The post Convent...
Editor’s note: Fannie Mae discontinued the HomePath program on October 6, 2014. Buyers must have had a completed home purchase contract dated on or before this date to use the The post Buy &...
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