Need help with a down payment on a home? Some good tips here.

WITH most lenders requiring home buyers to put down at least 20 percent — and sometimes, with more expensive properties, an even greater amount — the best holiday gift some people might receive would be help with the down payment. Under federal tax law, each individual is permitted to give away money or valuables worth […]

Caution – How Lenders are Finding Fraud with Buyer’s

SOURCE IN recent years, lenders have stepped up fraud-prevention investigations and checks on mortgage applications. For borrowers, this may mean facing questions on actions like accepting cash gifts from relatives for the down payment or signing up for new mobile porn credit cards during the application process. The research firm CoreLogic estimates that fraudulent residential mortgage originations […]