How Much Should I Put Down on a House?

It’s a myth that you need at least 20% or more to buy a home these days. There are a lot of options that offer 5%, 3 1/2%, 3%, and even zero down loans so the old adage of 20% for the conventional loan is not necessarily the rule any longer. So how much do you...

What is a Conventional 97 Home Loan?

Conventional 97 home loan is a Fannie Mae back to low down payment mortgage requiring just 3% down. This is an ideal option for buyers looking for a low down payment mortgage not backed by FHA. Fannie Mae has two options, the HomeReady Mortgage and the Conventional...

Mortgage in Middlesex County New Jersey

“We were actually pretty nervous applying for a home loan. I had had some negative dings to my credit and my wife had not established a lot of credit yet. But Frank was able to find is a great loan, great rates, and even give us some tips and strategies to...

What Does Buying Down Your Rate Mean?

Have you heard the term “buying down your interest rate”? If you’re shopping around for a mortgage this question may have come up in conversation with potential mortgage advisors and lenders. But what exactly does it mean? When you apply for a home...

What Happens If You’re Turned Down for a Mortgage?

Nobody likes to admit it but at some point, almost all of us have been declined for a loan at some point. What happens if you’re turned down for a mortgage when you feel leave done everything right, saved a little bit of money and have your credit under control?...

Are Zero Down Home Loans a Good Idea?

Zero down loans, the bane of the housing crisis. It means that from Day One homeowners are underwater. If everything is wrapped into the loan including the down payment and closing costs, this will put the price of the home over the actual value and homeowners now owe...