Mortgage borrowers make the same common mistakes which increase their mortgage closing costs. How to make better choices for your purchase or refinance home loan. Continue reading

When buying a home, 401(k) retirement plans can be used to fund your downpayment. How this choice affects your finances, and a review of your other options. Continue reading

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, […]