phoenix home grants: Need More Down Payment or Need More Cowbell?
- 09/13/21 07:49 PM
Some things in life you just need more of. Many of us know from the old Saturday Night Live skit with Christopher Walken that we just Need More Cowbell!
In real estate Buyers Need More Down Payment! Sometimes it is difficult to find a home these days in Phoenix. The less than $300,000 homes are flying, here in the Phoenix metro with multiple offers and then there is the difficult to get DOWN PAYMENT. After a all one needs a 20% down payment to avoid paying private mortgage insurance also known as PMI. Yes, low down payment FHA (3.5% down) or … (1 comments)
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phoenix home grants: FannieMae making Home Loans Easier to Qualify For
- 08/24/21 11:23 AM
"Mortgage finance giant Fannie Mae is making it easier to include rent-payment history as part of the mortgage approval process, a move intended to help borrowers with limited credit histories get better access to home loans" per Nicole Friedman and AnnaMaria Andriotis
Aug 11, 2021 in Realtor.com.
The Realtor.com report states, "Fannie Mae said that starting next month it will help lenders factor in borrowers’ history of rent payments when weighing those applicants’ qualifications.
Fannie Mae doesn’t require lenders to consider rent history, if a borrower has a credit report and score that meet the company’s criteria. But credit reports often don’t include residential-rent … (2 comments)
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Some things in life you just need more of. Many of us know from the old Saturday Night Live skit with Christopher Walken that we just Need More Cowbell! 
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