Down Payment Assistance Is Not Dead!

Many first-time homebuyers, who would otherwise qualify for a mortgage, lack the funds to cover the down payment and closing costs necessary to purchase a home. In fact, this is the largest barrier to becoming a homeowner.

(more…)

(more…)

Recently in the news, National Public Radio reported that the Federal Reserve has proposed exempting some banks from new mortgage rules. The latest set of rules from the government states that a bank must have at least 5% of its own money in mortgage securities. The exemptions proposed by the Fed however allow some banks to opt out of the rule if a borrower has a 20% down payment.

Mortgage refinancing may be a good way for one individual who has a hard time paying a mortgage. If a person has a mortgage that takes up much of his monthly income, then it must be necessary that he should find another way of getting additional income or find a better way to pay for the loan.

(more…)

The writer is a Vancouver mortgage broker. He is an expert in bad credit mortgage applications. He is also pretty good with a skill saw.

(more…)

Are you planning to buy a new house for yourself or for your family? Buying a house in the current situation is a tough task and it would really take a lot of efforts on your side to buy a new house for your family. Many people who think of buying a new house often end up with buying nothing because of the sky-rocketing prices of the real estate in some of the popular areas.