Over the weekend of July 29, 2017, Fannie Mae will implement an update to their automated underwriting system Desktop Underwriter (DU) that will help more borrowers qualify.

There are great resources at HomeDiggidy.com for first-time homebuyers. It’s packed with tips and information including:

We are now offering Home Equity Lines of Credit (HELOC) that can be taken out after the closing where you plan to close with 20% down and wan to recoup that 10% back.

Many think that because the Federal Reserve raised the Federal Funds rate by .25% yesterday that it means interest rates went up by .25%. That is not the case! Mortgage rates actually went down almost .25%.

“When I bought it for $150,000, I borrowed some money from Great Western Savings and Loans. So I probably only had $30,000 of equity in it or something like that – it’s the only mortgage I’ve had for fifty years,” Buffett said.