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Knoxville Mortgages 101 – What Is Private Mortgage Insurance?

One common type of loan many  buyers use to purchase a Knoxville home for sale is a conventional loan, which requires the borrower to put anywhere from 5% to 20% down. Any Knoxville buyer than puts less than 20% down on a Knoxville home will be required to carry private […]
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Will The New Mortgage Rules Make It More Difficult To Buy A Knoxville Home?

For those buyers using a mortgage to buy a Knoxville home, the mortgage world changed significantly on January 10th. Under new guidelines laid out in the Dodd-Frank Act, lenders are now required to make a “reasonable, good faith determination” that a borrower is able to repay loan. So, what changes […]
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Fannie Mae Rolls Out New Lending Rules December 13, 2010

Starting Monday, December 13, 2010, Fannie Mae is changing its mortgage lending guidelines.
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