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Are You On Restriction? It Depends on Where You Live

Published
by
Gina Pogol
on June 9, 2009
in Uncategorized
. 0 Comments

You have your money together for a down payment. You’ve gotten preapproved by your lender. But if you have less than 20% for a down payment, you may not get your loan if you live in certain states. Because it’s not just Fannie Mae or Freddie Mac approving you for your mortgage. There will also be a mortgage insurance company involved. Continue reading ‘Are You On Restriction? It Depends on Where You Live’

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Fannie Is Getting Smart: Listen to Her

Published
by
Gina Pogol
on October 29, 2008
in New Home Loan
. 0 Comments

Fannie Mae will require homeownership counseling for first-time buyers without solid credit histories or strong loan applications. This is expected to lower the risk of borrowers getting into trouble and ending up in foreclosure. Now, while sub-prime borrowers don’t have to comply with Fannie Mae’s requirements, why wouldn’t you want to do something that could reduce your own risk of mortgage problems? Continue reading ‘Fannie Is Getting Smart: Listen to Her’

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1 Star2 Stars3 Stars4 Stars5 Stars (16 votes, average: 4.88 out of 5)
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