Do new rules punish good credit?
Do new rules imposed by Fannie Mae and Freddie Mac penalize borrowers with good credit and large down payments?
Explaining Interest Rates and Points
Banks and mortgage companies don't have one interest rate we can offer every day. We have a range of interest rates available at different prices. The lower the interest rate, the greater the cost.
Down Payment Assistance Programs
A down payment assistance program provides a specific amount of money to a borrower that can be used for a down payment and/or closing costs.
Let's Talk Bank Statements
If you're applying for a mortgage loan, chances are good that you'll be asked to produce bank statements. Keep reading to lean exactly what you'll need to provide and what your underwriter is looking for.