The housing market is in turmoil, but if thereas a silver lining, itas the fact that purchase prices are at historic lows. Sure, there are still plenty of predatory lenders waiting to exploit the naAmve potential buyer, but those who do their homework will be rewarded with a fair price and manageable mortgage terms. Decoding the New Mortgage Market is a map to finding the best and most realistic mortgage deals while navigating past potential obstacles and traps. Filled with money-saving advice, this practical guide will help prospective buyers understand: ac How new lending and underwriting rules affect todayas homebuyer ac Different loan types and lending institutions ac Credit issues and other qualifying factors ac Creative down-payment solutions ac How to reduce closing costs and other fees Because lenders and buyers alike have gotten aburneda in the mortgage crisis, finding and qualifying for a manageable loan may now be more difficult. Readers will find that Decoding the New Mortgage Market makes the search both easier and more fruitful, and that their dreams of home ownership are still within their reach.FHA Loans Now Have Minimum Credit Score Requirements Like VA, FHA doesna#39; t establish minimum credit scores for loans. ... There Are Still Reverse Mortgages Available, but Only from FHA FHA calls its reverse mortgage the Home Equityanbsp;...
|Title||:||Decoding the New Mortgage Market|
|Publisher||:||AMACOM Div American Mgmt Assn - 2009-12-09|