Archives for the 'Down Payment' Category

If I Am Not Perfect….

Sometimes people express their concerns as though they are in a beauty contest. Only the most striking move to the final rounds, and the most beautiful–the most perfect–win (not including the so-called talent events).
Many people seem to feel the same way regarding their eligibility for loan programs.  I often hear, “Am I only available for a subprime [...]

8 March 2007 | Credit (Score), Down Payment, First Time Homebuyers, Reserves/Assets | No Comments

100%?

People are always wondering if putting no money into a purchase transaction is a good or bad idea.  I don’t think there is a standard correct answer.
A few days ago I received a call from someone who was talking to a “preferred” lender at a new construction open house. This person told me that the payment, [...]

6 March 2007 | Down Payment, First Time Homebuyers, Loan Officers | No Comments

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