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2. 3 percent down mortgages: A guide to your options - AOL

   www.aol.com/finance/3-percent-down-mortgages...

   Beyond the Fannie Mae and Freddie Mac mortgage programs featuring 3 percent down payments, there are other types of mortgages that allow prospective home buyers to access homeownership with a low ...

3. This is how much money you need to earn annually to ... - AOL

   www.aol.com/finance/much-money-earn-annually...

   In Example No. 2, a 20% down payment on a $400,000 mortgage would equal $80,000. So, you would need a $320,000 mortgage in this scenario. With a 20% down payment, however, you might be able to ...

4. 6 ways to get the lowest rate on your next mortgage - AOL

   www.aol.com/finance/how-to-get-best-mortgage...

   Yes, a 1% drop in mortgage rates can save you a significant amount, but waiting for rates to fall by 2% or 3% can be even more worthwhile. For example, if you borrow $400,000 at 3% APR instead of ...

5. Balloon payment mortgage - Wikipedia

   en.wikipedia.org/wiki/Balloon_payment_mortgage

   Because borrowers may not have the resources to make the balloon payment at the end of the loan term, a "two-step" mortgage plan may be used with balloon payment mortgages. [1] Under the two-step plan, sometimes referred to as "reset option," the mortgage note "resets" using current market rates and using a fully amortizing payment schedule. [8]

6. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The basic FHA mortgage insurance program is Mortgage Insurance for One-to-Four-Family Homes (Section 203(b)). [24] FHA allows first time homebuyers to put down as little as 3.5% and receive up to 6% towards closing costs. However, some lenders won't allow a seller to contribute more than 3% toward allowable closing costs.

7. Down payment assistance: How it works and how to get it - AOL

   www.aol.com/finance/mortgage-down-payment...

   Virtually every down payment program requires you to qualify for a 30-year, fixed-rate first mortgage to buy the home. Some programs can only be used with one type of mortgage, such as government ...