Reader Question: “I have heard that an FHA loan is a good option for buyers with little money to put down. But I’ve also heard that the qualification requirements for FHA home loans in 2009 have become stricter. Is this true? What are the basic requirements to qualify for one of these mortgages?”
Get answers here: [...]
FHA Loans | 
April 29, 2009 8:26 am | 
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Reader Question: “I do not have a lot of money to pay for closing costs on a mortgage. I have heard that in the past some lenders offered loans with no closing costs for first-time buyers. Are these still available? And if so, where would I go to find them?”
Whether you realize it or not, [...]
Types of Loans | April 27, 2009 6:15 pm | Comments (0)
Reader Question: “My husband and I are planning to buy a home soon. We have heard good and bad things about using a mortgage broker to find a loan? Why do people use mortgage brokers and when is it a good idea?”
In many cases, first-time home buyers don’t even realize they are using a broker. [...]
Mortgage Companies | 10:00 am | Comments (0)
Reader Question: “My husband and I plan to buy our first house later this year or early next. I was wondering how much I can afford to spend on a house for the first time. How does a mortgage lender decide what I can afford to pay for a home?”
You’ve touched on an important topic, [...]
Financial Preparation | April 24, 2009 8:01 am | Comments (0)
Reader Question: “My mortgage lender said I need to have a homeowners insurance policy in place before I can close on the home. What does this insurance cover and how much does it cost?”
I can’t answer the cost question for you, because there are too many variables at work. The cost will vary based on [...]
Home Buying 101 | April 21, 2009 7:51 am | Comments (0)