Using Gift Money for a Down Payment
The process of accepting a gift for your down payment isn’t complicated, and by following these simple rules, you can be sure that the underwriter who is reviewing your file will look at it with an approving eye.
Author Archive
Work with the Zillow All Star Team of Chad Melin and Justin McHood at Academy Mortgage and get a free mortgage quote today at our profile on Zillow's Mortgage Marketplace. We are happy to answer any mortgage-related questions that you may have.
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Boomerang Buyers: Buying Again After a Foreclosure or Short Sale
Here are the requirements for FHA, VA and Fannie Mae/Freddie Mac loans if you have been involved in a short sale or foreclosure.
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Closing Your Mortgage After a Natural Disaster
If you are closing on your home and a natural disaster strikes, plan on delaying your closing until the lender verifies a few things.
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Popular Refinance Programs for Owners With Equity
When considering refinancing, the first step is to identify your goal. Do you just want a lower monthly payment? Do you want to get cash in exchange for some of the equity you have built up in your home?
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4 Things to Know About Mortgage Insurance
Knowing these four facts can help you make the right decision and possibly save money each month by avoiding mortgage insurance all together.
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You’ve Won the Lottery: Should You Pay Off Your Mortgage?
Whether to pay off your mortgage after you receive a large sum of money really boils down to making a personal decision vs. a financial one.
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FHA Condo Approval Rules Changing
The FHA recently announced temporary changes in some of the rules for a condominium complex to become FHA certified.
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Mortgage Rates May Increase Soon
The FHFA has announced an increase in guarantee fees, which will translate into about a 0.5 percent jump in mortgage rates in the near future.
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New Short Sale Guidelines Coming Soon
The new guidelines, going into effect Nov. 1, are designed to streamline the process and include some homeowners who are current on their mortgage payments.
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Low on Down Payment Cash? FHA Not Only Option
Many people know that now is a great time to buy a home, but they may be worried about large down payment requirements.
