Home Ownership

September 29, 2020
3% Down Payment HomeReady Loans from Mortgage 1

All You Need to Know About 3% Down Payment Fannie Mae HomeReady Loans

Haley Fraeyman Many first-time home buyers can probably relate to Haley Fraeyman. Haley is interested in buying a house. As a newly hired elementary school teacher she has steady income, but as a recent college graduate she hasn’t yet built up a full credit history. […]
September 22, 2020
Mortgage Questions with People Thinking

Common Questions First-Time Buyers Ask About a Mortgage, part 2

For first-time buyers, the mortgage process raises a lot of questions. In this second article, we tackle more of the common inquiries we receive from real-life customers. Click here to read the first article. “How Much Should I Save for a Down Payment?“ – Question […]
September 16, 2020
Mortgage questions from first-time buyers

Common Questions First-Time Buyers Ask About a Mortgage, part 1

For first-time buyers, the mortgage process raises a lot of questions. In this article, we tackle some of the most common inquiries we receive from real-life customers. This is the first in a multi-part series. See here for part two. “How Does a Mortgage Work?” […]
September 10, 2020
How Interest Rate Works

Understand Payments

For much of American history, home ownership was out of reach for most families. Prior to the 1930s, mortgages were limited to 50 percent of a property’s market value and the repayment schedule was spread over three to five years, with a balloon payment at […]