Can You Get Approved? Mortgage Qualifications for Buying a Home
Go to any mortgage lending website and you'll see images of smiling families and beautiful homes accompanied by text that makes it sound like lenders are standing by just waiting to help you find the loan that works for you regardless of your ...
Posted by Paula Henry on December 7, 2014 in Mortgage News and Info
What You Need to Know About Down Payments
Buying a home is an exciting event, but it can also be filled with lots of questions, especially for first-time homebuyers. You’ll probably hear unfamiliar terms like equity, mortgage, down payment, and more—and you’ll hear them ...
Posted by Paula Henry on October 16, 2014 in Buyer Resources
How Much Home Can I Afford?
Many people begin their home search online and ultimately come across the perfect home. They want to make an appointment to view the home and decide it’s just perfect. They have run all the numbers on a mortgage calculator and accordingly, ...
Posted by Paula Henry on December 29, 2013 in Buyer Resources
Financial Advice and Your Mortgage Lender
When you begin your search for a new home, you will also be searching for the best loan program and lender for your specific needs. Knowing the terms and costs for your loan is crucial to making a good financial decision, since fees charged by a ...
Posted by Paula Henry on June 27, 2012 in Mortgage News and Info
What is Included in My Monthly Mortgage Payment?
After taking out a mortgage loan to purchase a home, you will be provided with a dollar figure that you must pay each month in order to repay your loan. Whether interested in Bethesda condos or a home in Indianapolis, it is helpful to have a clear ...
Posted by Paula Henry on March 2, 2012 in Mortgage News and Info
Separating FHA Fact From Fiction : Mortgage Insurance Premiums
The mortgage lending landscape changes a lot. Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Indianapolis that aren't paying in cash.
The loan you get today won't always be the loan you ...
Posted by Paula Henry on February 10, 2010 in Mortgage News and Info
No Carpet, No Kitchen, No Loan!
In light of the changes in conventional financing guidelines, FHA loans have once again become a popular choice for home buyers. In the good ol days, (heck, that was just a few years ago) almost anyone could get 100% financing on practically ...
Posted by Paula Henry on January 11, 2009 in Mortgage News and Info
With Increases To Its Fees, Fannie Mae Makes Buying A Home More Expensive
Fannie Mae announced a new risk-based pricing model and additional mortgage delivery fees this week, adding to the cost of buying a home. Risk-based pricing was first introduced by Fannie Mae this past April. It added new, mandatory loan fees ...
Posted by Paula Henry on August 7, 2008 in Mortgage News and Info
Use The Inflation Calculator To Check If Your Income Is Keeping Up With 'Life'
The phrase 'Consumer Price Index' can be intimidating and unclear to Americans. It's an economic term, after all, and not a part of everyday American language. It even has its own abbreviation to add to the confusion -- CPI.
So, when a ...
Posted by Paula Henry on July 28, 2008 in Mortgage News and Info
The Midwest Flooding And Its Impact On Your Home Mortgage
Flooding in Indiana and the Midwest has displaced thousands of families and caused billions of dollars in damages. It may also cause mortgage rates to rise. As the extent of the damage becomes more clear, prices for grain and livestock ...
Posted by Paula Henry on June 20, 2008 in Mortgage News and Info
Simple Real Estate Definitions : Loan-to-Value
Loan-to-value is a math formula that represents the relationship between how much a home is 'worth' and how much money is borrowed against it.
Loan-to-value is often abbreviated as 'LTV' and is one of the many factors that lenders consider when ...
Posted by Paula Henry on March 7, 2008 in Real Estate Terms