All Posts Tagged With: "reserves"
Fannie Mae & Freddie Mac: Promised Interest Savings Disappear
It was just a few weeks ago when Fannie Mae and Freddie Mac were seized by the Federal government. To this day it is not clear why such a seizure was necessary given that the two companies had lost roughly $5 billion in the first half of the year — but had $95 billion in [...]
20Oct2008 | Peter G. Miller | 0 comments | Continued
Can A National Guard Volunteer Get A VA Loan?
According to the DVA, you need to review your call-up orders. If activated under Title 10 you may qualify for a VA loan if you are on an active-duty status for 90 days or the full period called (this could be less than 90 days).
If you were called up under Title 32 you may not [...]
What Are Mortgage “Reserves?”
When you apply for a mortgage lenders are interested in your credit, debts, and income. They are also interested in the amount of cash you have on hand.
Many loan programs require that borrowers have one or two months of cash on hand in addition to the cash required for a down payment and closing costs. [...]
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