The “mortgage refinance” goes by many names — The IRRRL, the FHA Streamline Refinance, the Rate-and-Term, and others. Which is which, and how to qualify for the one you want. Continue reading
Archive | Mortgage
RSS feed for this sectionHow to buy a house with $0 down in 2022: First time buyer
An updated list of low- and no-downpayment mortgages available to today’s home buyers. Updated for 2016. Includes access to today’s live mortgage rates. Continue reading
The Falling Cost Of U.S. Homeownership
Homeowners are paying 16% less mortgage interest as compared to just 6 weeks ago. It’s allowing them to build equity faster and, therefore, personal wealth. Continue reading
Mortgage Requires Just 3% Down

Fannie Mae Conventional 97 Mortgage Requires Just 3% Down THE “3% DOWN MORTGAGE” FROM FANNIE MAE For buyers looking for a low-down payment mortgage option that’s not backed by the FHA, Fannie Mae has two options — the HomeReady™ mortgage and the Conventional 97. HomeReady™ is limited to certain low-income census tracts; and areas with high minority concentrations. By contrast, […]