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'Down Payment' articles

5 guidelines for using mortgage calculators with co-signers

September 13th, 2010

Co-signers for mortgage applications are becoming more and more necessary as the economy continues to reduce incomes and mortgage underwriting guidelines get tighter. Mortgage calculators can estimate your monthly payment,...  Read More

Interest Rates Rise On Quiet Week

September 10th, 2010
A quiet week in economic news with the Labor Day holiday saw interest rates rise. Mortgage calculators saw more activity for new home loans than refinance mortgages. Here is the...  Read More

Buy a New Home With A Foreclosure In Your Past? Short-Sale? Bankruptcy?

September 06th, 2010
Mortgage calculators factor income, debts and down payment into mortgage calculations, but not credit history, especially severely delinquent credit items. Whether a conventional mortgage from Fannie Mae or Freddie Mac...  Read More

The Mortgage Paradox: Make More Loans, Tighten Criteria

September 01st, 2010
The current mortgage market is very frustrating. You read about historically low mortgage rates, about programs designed to help boost homeownership or assist owners in keeping their homes, but when...  Read More

Home Sales Plummet And Prices Slide In July

August 25th, 2010
Late August figures from the National Association of Realtors and and the Commerce Department show a retreating housing industry. With summer winding down, so is the traditional home buying season–and...  Read More

Refis At Highest Levels In Twenty Months

August 20th, 2010

The current economic climate has resulted in changes in conventional wisdom. No longer are homeowners merely looking to lower monthly mortgage payments or pull cash out of their properties. Today...  Read More

Closing Cost Credits Save You Thousands

August 17th, 2010

Would you rather pay $237,500 for your new home or $250,000? Would you rather have a 4.25 percent interest rate or 4.5 percent? The instant reaction is to say you...  Read More

Personal spending flat in stores, up for homes and mortgages

August 06th, 2010
For the week the overall economic numbers continue to be flat or slightly negative. In the mortgage and housing industries a bit of positive news goes a long way. As...  Read More