“Let me review briefly how we got here. As the decade started, incomes were rising and interest rates were low and stable. Demand for homes outpaced supply, driving a sustained boom in home prices. Affordability plummeted. &...
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We’re including a speech by Daniel Mudd, the President and Chief Executive Officer of Fannie Mae. He does a good job of explaining everything that’s been going on with the housing market. We’ll include the main areas of hi...
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The FHA Modernization Act will soon be reducing the 3% down payment requirement to 1.5%. This act will also increase the loan limit from $251,000 to $417,000. These two improvements will make it easier for home buyers around the country to ...
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A big advantage of using an FHA loan is that you only have to put 3% down. And, you can get a third party to pay that 3% for you, which means that you don’t have to make a down payment. This is one way of getting a 100% loan for buyer...
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Two things are very important when building credit. First, you need to have a high limit and a low balance. The more you have of this combination, the better your score. Second, you need to make your payments on time. These two ...
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