Home Savings of America
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New Conforming Loan Limits Fannie Mae conforming loan limits increased January 1, 2006. The current conforming loan limits are: |
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For a history of conforming loan limits see: Historical Loan Limits |
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Do I Need a Down Payment? In today's economy, most consumers don't realize the dream of becoming a homeowner without mortgage programs that offer zero down financing. In spite of the many changes in the mortgage industry, these programs are still readily available.
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Understanding Mortgage Insurance Mortgage Insurance (MI), also referred to as Private Mortgage Insurance (PMI), insures a portion of the equity in the event a home owner defaults on the mortgage. It is required by many lenders when the first mortgage loan amount exceeds 80% of the value of the home.
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Life After Bankruptcy A recent bankruptcy may NOT prevent a borrower from getting a mortgage. The most important thing for a consumer to do after a bankruptcy is re-establish credit and stay current on all accounts.
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Credit Knowledge More Important Than Ever Many lenders that provide mortgages to borrowers with lower credit scores are starting too tightened the reigns on 100% financing.
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New Conforming Loan Limits Fannie Mae increased conforming loan limits as of January 1, 2006. Read more... |
