Mortgage Information
Once you have played around with the calculators, it's time for you to get pre-approved.
Pre-approved means a lender has looked at your financial information and agreed to lend up to a specific, maximum mortgage amount. The lender gives you a written commitment you can show to real estate agents and home sellers. It's proof you can afford to buy a home. Approach several lenders or consider using a mortgage broker to compare offers and interest rates.
Once you have a pre-approval, you can make offers with confidence. You'll have more leverage in the negotiating process and home sellers will take you seriously.
Mortgage Links
Federal Home Buying Programs
Not everyone had a savings account that's bursting at the seams. There are goverment agencies that offer good alternatives to traditional home loans requiring big down payments and sketchy subprime mortgage programs.
Get the Lowdown on Uncle Sam's Programs and take advantage of the many federal home-buying programs out there. Click the links below for more info.
Department of Housing and Urban Development (HUD)
Federal Housing Administration (FHA)
Department of Veterans Affairs (VA)
Fannie Mae (Federal National Mortgage Association)
Freddie Mac (Federal Home Loan Mortgage Corporation)
Ginnie Mae (Government National Mortgage Association)
American Dream Downpayment Initiative
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