The Right Way To Take A Cash Gift For Downpayment
As lenders tighten mortgage guidelines for Indianapolis home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down.
Today, most conventional mortgages require at least 10 percent....
Posted by Paula Henry on May 28, 2010 in Mortgage News and Info
Mortgage Approvals Are Getting More And More Scarce
The economy's improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening. The data comes from the Federal Reserve's quarterly survey to its member banks....
Posted by Paula Henry on February 13, 2010 in Mortgage News and Info
Banks Raise Mortgage Qualification Standards
Despite the economy's improvement and prodding from Congress, banks don't seem ready to open their purse strings just yet. Nationally, mortgage approval . The data comes from a quarterly survey the Federal Reserve sends to its member banks....
Posted by Paula Henry on November 29, 2009 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
Why July May Be The Best Time To Write A Purchase Contract In 2008
It's a terrific time to buy your Indianapolis home, but not because homes happen to be affordable. It's a terrific time to buy because the variety of mortgage products available to home buyers looks poised to shrink. Monday, Alt-A ...
Posted by Paula Henry on July 7, 2008 in Mortgage News and Info