mortgage lending: FHA Mortgages Are Good For your Kids?
- 11/26/10 07:11 PM
FHA mortgages provide financing for many Americans today. Since the mortgage crisis, we have seen a huge number of mortgage programs eliminated and conventional loans have drastically tightened up their lending guidelines. making it more difficult for families to obtain financing for a home. Although, FHA loans now require a minimum credit score of 640 and the down payment has increased to 3.5% it is still much easier to get approved on an FHA Mortgage than a conventional loan program. More importantly, the interest rates are currently lower than conventional mortgages allowing more people to qualify and get approved. So how … (2 comments)
mortgage lending: Why are mortgage pre-approvals broken today?
- 07/08/10 10:47 PM
I was talking with one of Houston's top listing agents who has had several transactions fall out due to the client not being able to get approved for a mortgage. She asked me why so many lenders issue a client a preapproval letter and then turn around and deny the loan. I could tell by the tone in her voice that it was extremely frustrating for her and I imagined that if she had this question many other real estate agents might also. So I decided to make it the topic of my first blog. When I first started in the … (8 comments)
FHA mortgages provide financing for many Americans today. Since the mortgage crisis, we have seen a huge number of mortgage programs eliminated and conventional loans have drastically tightened up their lending guidelines. making it more difficult for families to obtain financing for a home. 
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