Tag Archives: low down payment

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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Buying a home? Consider WHEDA!

Rumor has it that it’s more difficult than ever to finance a home purchase these days. Most of what I hear in that regard is fairly exaggerated – or completely false. After 10 years of originating mortgages, I can plainly … Continue reading

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