Home Savings of America
Start your application online or
Call 800-371-6574
|
Credit Knowledge More Important Than Ever Many lenders that provide mortgages to borrowers with lower credit scores are starting too tightened the reigns on 100% financing. In the future, borrowers with lower credit scores may be forced to improve credit scores or provide down payment money. With a little understanding about how credit scores are determined, many of these borrowers may be able to improve credit scores in a short period of time and still qualify for 100% financing. Contact your loan officer to schedule an appointment for a free credit consultation. |
 |
|
 |
|
 |
|
 |
Do I Need a Down Payment? In today's economy, most consumers don't realize the dream of becoming a homeowner without mortgage programs that offer zero down financing. In spite of the many changes in the mortgage industry, these programs are still readily available.
Read more...  |
|
Understanding Mortgage Insurance Mortgage Insurance (MI), also referred to as Private Mortgage Insurance (PMI), insures a portion of the equity in the event a home owner defaults on the mortgage. It is required by many lenders when the first mortgage loan amount exceeds 80% of the value of the home.
Read more... |
|
Life After Bankruptcy A recent bankruptcy may NOT prevent a borrower from getting a mortgage. The most important thing for a consumer to do after a bankruptcy is re-establish credit and stay current on all accounts.
Read more... |
|
Credit Knowledge More Important Than Ever Many lenders that provide mortgages to borrowers with lower credit scores are starting too tightened the reigns on 100% financing.
Read more... |
|
New Conforming Loan Limits Fannie Mae increased conforming loan limits as of January 1, 2006. Read more... |
