As lenders tighten mortgage guidelines, minimum downpayment requirements are increasing. It’s leading to an increase in the number of buyers accepting cash gifts from family. There’s a right and wrong way to accept a gift.

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1. How To Receive A Cash Gift For Downpayment
2. The Proper Way To Give And Receive Gifts For Downpayments
3. FHA Bans Seller-Financed Downpayment Assistance Programs

A mortgage approval is never final until it’s funded. A host of things can “go wrong” while your home loan is underway. Some are in your control, many more are not. And just being aware of some potential pitfalls could help save your loan down the road, and your peace of mind today.

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1. Did You Know : The Lifespan Of A Mortgage Approval
2. It’s Time To Re-Approve Your Pre-Approval
3. 6 Things To Avoid While Waiting For A Mortgage Approval

The Federal Reserve says that financial markets “remain supportive of economic growth”. Residential mortgage guidelines, however, continue to tighten. If you’ve applied for a home loan recently, you probably felt it; extra scrutiny on income, assets and credit scores, among other things. The hard proof of the changes, however, can be found in the Federal Reserve’s quarterly survey of its member banks.

Related posts:

1. Banks Raise Mortgage Qualification Standards
2. Mortgage Approvals Are Getting More And More Scarce
3. Mortgage Lending Starts To Show Signs Of A Thaw