Kathy Haywood's (uw2lo) Blog

Gone are the days of 100% financing and zero down payments.  Most banks and mortgage companies now require a down payment.  The amount and source of these funds varies with the type of loan you are using. A standard conventional loan with loan amounts of up to $417,000 currently,have a required m...

Did you know - FHA has changed the pricing for mortgage insurance to a risk model?  Effective 7-14-08, this change will reward those with good credit scores with lower upfront mortgage insurance premiums (UFMIP).  For example with a 3% minimum down payment:                         850-680 fico = ...