What an FHA loan does.  FHA guarantees to the mortgage company, your lender, the amount of the loan you are obtaining.  A FHA loan requires at least 3% down of the purchase price of the home you have chosen. A …

To start searching for a 15 yr fixed mortgage rate you can start on the internet.  Just type in “15 year fixed mortgage rates?  Then you can pay off your home in a short amount of time.  Beats 30 years …

Did you know you can make money by having a mortgage?  We think of constantly paying out our monthly payment.  Feeling like we are going to the poorhouse when we are actually building equity.

Equity home loan mortgages can help with …

If you have little money for a down payment, you will have a limited number of options for types of mortgages.  Even if someone gives you a gift or part of a down payment your options are still limited.

If you …

If your credit report has accurate negative information, but you have good reasons for a lender to trust you (such as illness or a temporary loss if income in your past) explain your situation. 

If you do not have a good reason …

Escrow is money deposited with a third party to be delivered upon the fullfillment of a condition agreed upon.  Such as money deposited - put in escrow until delivered to the seller at the closing.

An escrow account is the amount …

Great article I found in the Chicago Tribune.

The Treasury Department is tightening is process for approving the millions of dollars of mortgage related debt issued by Fannie Mae and Freddie Mac.  This could take effect this January.  For complete article …

Press release from California:

Prospective home buyers beware that waiting for prices to drop may result in you never buying a home in California. The psychology of today’s buyer is that if they had a chance to buy when the market …