The US Congress is busy trying to figure out how to regulate the Mortgage Banking Industry so that another Subprime Meltdown never happens, and that is a good thing. But, they are the Government, …
Using 401K Funds for Downpayment on FHA
FHA Home Loans require a 3.5% downpayment. There are not requirements that you purchase in a specific spot (like there are for USDA Home Loans) and you do not have to be a Veteran (like VA Homes …
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VA Loans – Cheaper if you make a Downpayment
There are GREAT VA benefits, but most Veterans we talk to never mention them to their loan officer! That's a shame, because there are many times when it might make sense to do a VA home loan as …
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USDA Home Loans, When Do You Need An Inspection
During the building of a new home, municipalities in North Carolina do routine Building Inspections to determine that construction meets "local building code." USDA Home Loans have their own …
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Can You Qualify For A Mortgage If You are Not Married??
If you found this post, you have a very specific question, and the very SHORT answer, is PROBABLY. Exactly what type of mortgage you get, is a slightly more detailed answer! VA LOANS: VA says …
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Condominium Loans and FHA Mortgage Changes
FHA announced new guidelines that will effect Condominiums beginning this fall. With their mortgagee letter, HUD (which governs the FHA Mortgage Loan program) changes the Spot Approval process, so …
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