Five ways to qualify for a mortgage with small downpayment
"While there are mortgage loans that allow less than 20% down, pills store I would discourage it," says Dan Serra, a certified financial planner from Bethesda, Maryland. "The 20% down to me is a good insurance policy against an unexpected drop in home values in …
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New rules make it tougher for people with college loans to buy houses
Brian Sullivan, an FHA spokesman, told me this: “Deferred student debt is debt all the same and really must be counted when determining a borrower's ability to sustain both student debt payments and a mortgage over the long haul.” The agency's primary …
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FHA rules for financing condo sales draw protest from 56 House members
In addition, condo owners who are seniors have been cut off from the dominant source of reverse-mortgage money: FHA's home equity conversion program, which provides more than nine of 10 reverse mortgages nationwide, according to lending industry …
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