Fannie Mae to Require Credit Check Prior to Closing

Effective June 1, 2010, Fannie Mae will begin requiring a final credit check just before closing and funding on a new mortgage.   If new loans exist that are sizable enough to affect the debt-to-income ratio calculations used in the original mortgage approval, the whole deal could fall...

To refi or not to refi, that’s a serious question

Well, we found a renter for our house – the cute little ranch that we may be a tiny bit upside down in because we finished the basement while we were living in it and did a bunch of other upgrades, and then decided to move to a bigger place.  I posted a few pics on Craigslist and got over 30 very...