down payment: 100% Financing ~ And You Thought It Was Gone!
- 05/25/10 04:50 AM
100% Financing ~ And You Thought It Was Gone! Gone are the days of 100% financing. There is no way to obtain 100% financing these days! You have heard it over and over again. The minimum required investment is 3.5%! But is it really? Good news, California Home Buyers! There is a program that will allow subordinate financing along with gift funds to cover down payment and closing costs! CHF ACCESS is a program offered by the National Homebuyers Fund that serve those families that are able to afford the mortgage payment, but do not have the resources for a down … (4 comments)
down payment: What is PMI?
- 11/09/09 12:36 PM
This article was inspired by reading Richard Smith's post this morning Mortgage Insurance Companies-Losses Increase Concern. I thought I would take the opportunity to clarify what Mortgage Insurance is. There is a lot of confusion when I am asked about Mortgage Insurance. Does it cover me if I lose my job? Is it protection for me if I become disabled? Does it cover my payment? Is it like my hazard insurance policy? How does it work? Is the lender providing my insurance? Mortgage Insurance is insurance coverage for the lender on a mortgage with less than a 20% down payment. Insurance … (5 comments)
down payment: No Money Down?
- 09/08/09 10:41 AM
Many First Time Home Buyers find themselves wanting to be a part of the tax credit currently being offered. But often times I hear "We do not have any money to put down". I wanted to take a minute to drop an idea that you may not be aware of. Are you a California State Employee? County Employee? School or University Employee? California Legislature? Municipal Employee? Any one of these employers may or currently utilizes the CalPERS retirement system. What is CalPERS? CalPERS provides retirement and health benefits to more than 1.6 million public employees, retirees, and their families and more than 2,500 employers. In lieu of … (1 comments)
100% Financing ~ And You Thought It Was Gone!
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