steps to buy a home

Navigating Mortgages

Navigating Mortgages

Sunday’s issue of the Daily Press highlighted key components to remember when qualifying to purchase a home: Pay less mortgage insurance – Talk to your lender about different loan types, downpayment requirements, and private mortgage insurance choices.  Selecting the right products to fit your budget can help save money. Prequalification – Pick a lender who offers […]

FHA’s “Back to Work – Extenuating Circumstances Program”

FHA’s “Back to Work – Extenuating Circumstances Program”

Great news!!  The Federal Housing Administration has moved to relax its guidelines for borrowers who “experienced periods of financial difficulty due to extenuating circumstances”.  Dubbed the “Back to Work – Extenuating Circumstances Program”, FHA has now removed the familiar waiting periods that typically followed a derogatory credit event. Ex-Homeowners who lost their homes to a […]