Category Archives: Conventional

Tax Credit for First Time Buyers!

Are you – or do you know – a first time home buyer? If so, Great Midwest Bank has a program that will definitely catch your eye. Great Midwest Bank is one of the few lenders offering a Mortgage Credit Certificate (MCC) … Continue reading

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Should I Buy a Condo?

Buying a condo is a relatively affordable, low-maintenance alternative to the traditional single-family home.  And – as with all major investments – there are a few key issues to understand before taking the plunge. One of the most important issues … Continue reading

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Cash to Close

So you’re thinking about buying your first home.  Or maybe selling and moving up.  Though most prospective borrowers come to me with some idea of the funds necessary for down payment, many don’t have a good grip on the additional … Continue reading

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LTV, PMI, FHA & FNMA – Huh?

Like most industries, we love acronyms in the mortgage world. LTV is the loan amount divided into the value, where value is determined as the lesser of the appraisal or, if you’re buying, the purchase price.  This is the point … Continue reading

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