Fix Your Credit After Foreclosure

Thanks to RISMedia for this information! If you have a foreclosure on your credit report, here are some ways to start rebuilding your credit.   By Pamela Yip RISMEDIA, November 30, 2010—(MCT)—If you’ve been through a foreclosure, you may wonder if there is hope...
Thinking of getting an FHA Loan?

Thinking of getting an FHA Loan?

Here are some key facts you might want to know: Maximum Loan amount is $346,250. Minimum Down Payment is 3.5% Maximum Seller contribution is 6%. Line 2 of the FHA Loan Exhibit will need to show the FHA Up Front % as 1%.  Most borrower will add that to the loan amount....
Down Payment and Gifts

Down Payment and Gifts

When obtaining a new home and mortgage, there are several things you need to know: a) Where is my down payment coming from? b)  If I am getting a gift of money for all or a portion of the down payment, how will this affect my loan? For many borrower’s the down...