Suzi Brink

One More Time, Real Estate is a Great Investment In a recent blog post on Marginal Revolution, economist Alex Tabarrok discussed homeownership as an investment.

Your Fall Home Maintenance Checklist Prevent winter damage and boost energy efficiency by ticking off these to-dos before cold weather hits

THE HOME POSSIBLE ADVANTAGE MORTGAGE-

Freddie Mac recently launched a new affordable mortgage option that allows a down payment as low as 3 percent. The Home Possible Advantage(sm) mortgage is ideal for low and moderate-income borrowers with limited savings, including first-time homebuyers.

The loan can then be sold to the secondary market as a conforming loan, offering borrowers with good credit and the ability to pay closing costs the ability to chase the American Dream without saving for years and years to pay 20 percent down.

Closing costs vary widely depending on where you live, but they average $2,539 for a $200,000 home. With the Home Possible Advantage, borrowers can use gifts from parents, grants, savings and other sources to provide the 3 percent down payment.

Required credit scores depend on the type of loan product you want and whether or not you're buying a single unit or up to four units in the same building, but you can count on at least a minimum of 660 to 680 for single occupancy.

Read the Full Story Here! - http://realtytimes.com/consumeradvice/mortgageadvice1/item/33834-20150326-the-home-possible-advantage-mortgage