Kirney Lending http://kirneylending.com Northern Virginia Mortgage, Refinancing, Construction Lending Mon, 15 Aug 2011 14:28:14 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Mortgage Minute – July 7, 2011 http://kirneylending.com/mortgage-minute-july-7-2011-123.html http://kirneylending.com/mortgage-minute-july-7-2011-123.html#comments Thu, 07 Jul 2011 13:14:10 +0000 jend http://kirneylending.com/?p=123 Every day we hear of new myths in the market place and thought we’d share some with you!

Myth #1

You MUST have a downpayment of at least 20%.

False:  Qualified First Time Homebuyers (defined as those who have not owned a home in the last 3 years) may be eligible for no money down loans.  FHA requires 3.5% down and conventional loans start at 3% down for purchase transactions.

]]> http://kirneylending.com/mortgage-minute-july-7-2011-123.html/feed 0 How Are Mortgage Loan Rates Determined? http://kirneylending.com/how-are-mortgage-loan-rates-determined-95.html http://kirneylending.com/how-are-mortgage-loan-rates-determined-95.html#comments Mon, 13 Jun 2011 16:36:09 +0000 jend http://kirneylending.com/?p=95 Mortgage loan rates are determined in a bunch of different ways. Feel free to give us a call and we can go over the rate that’s right for you!

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