It was a long day! We drove from Udaipur to the beautiful Jain Temples of Ranakpur situated in dense forest. The grand temple is built out o...
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When a Leopard crossed our path in Kumbhalgarh!
FHA Mortgage Insurance Is Going Up
FHA will be raising their mortgage insurance rates sometime in 2013. For loans with the minimum down payment of 3.5%, the annual mortgage i...
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Crazy New Fannie Mae Underwriting Guidelines
On November 13, Fannie Mae changed the rules for getting a cash-out refinance for people with 5-10 financed properties. Effective immediate...
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Is Changing Loan Programs Allowed?
A lot of people ask us if it's OK to change loan programs after they have signed a sales contract to buy a house. For example, can some...
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Allowable Seller-Paid Closing Costs
When purchasing a house, the seller is allowed to pay for some of the buyer's closing costs, but there are limits to how much the seller...
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2 Weeks in Andaman - Photos of Tropical Paradise
We all know beaches of Andaman are awesome, but that is not all. The history of the tribes, the settlers who migrated years ago, the Jurassi...
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When Does Mortgage Insurance Go Away?
What is mortgage insurance? When do you have to get it? When does it go away? Here's what you need to know: Mortgage insurance is an i...
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Waiting Periods After Bankruptcies, Foreclosures, and Short Sales
After a bankruptcy, a foreclosure, or a short sale, a potential home buyer must wait a certain period of time before they are eligible to ge...
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Down Payment Requirements
Here are the most recent down payment requirements for the various types of home loans: For conventional (non-government) loans: 5% down for...
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How Much Can I Qualify For?
The top two questions we've been asked this past week are: "How big a mortgage can I qualify for if I make X amount of money?"...
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Which Credit Score is Used?
There are three credit reporting agencies: Experian, TransUnion, and Equifax. When a lender pulls someone's credit, they get a score fr...
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Home Inspections
We are often asked by buyers and real estate agents to recommend a good home inspector. Without hesitation, we can recommend Ken Ishmael. ...
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Asset Documentation
Here's a list of the information that needs to be provided for a conventional loan when a borrower has to show that they have sufficient...
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Closing Funds Changes
Some title companies are now requiring that the cashier's checks that buyers bring to the closing be made payable to the title company o...
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How Much Down Payment Do I Need?
Here are the required down payments for various types of loans. For conventional (non-government) loans: 5% down for a primary residence (3%...
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