Saturday, November 17, 2018
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RE/MAX Best 2925 Hwy. 51, Suite B
Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

Office: (985)652-7653
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What if I'm turned down for a mortgage?

Help Wanted If you're denied a mortgage, try, try again.

Here's help for renters and other buyers who may have had difficulty getting mortgage money:
  • The Federal National Mortgage Association, or Fannie Mae, a major supplier of mortgage funds, has a program of review, counseling and more flexible loan guidelines. The hope is that this program, called "Showing America a New Way Home," will help loan applicants who might otherwise be rejected for a loan ultimately get loan approval and buy a home.
  • Also worth checking out is the "Fannie 97" mortgage, which lets borrowers make down payments of just 3%.
  • The "Start-Up Mortgage" requires a 5% down payment and allows for lower monthly payments the first year of a 30-year fixed-rate loan.
For more information, ask your lender or call Fannie Mae's public information office at (800) 7FANNIE.
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FIRST TIME How To Buy The Most Home For Your Money
QUALIFIED How Much House Can You Really Afford?
TIRE KICKING Secret Tests To Check A Property's Condition
LOCATION LOCATION: The Most Important Questions Every Buyer Should Ask
NEGOTIATE How To Buy The Home You Love At The Price You Want
SEARCH Quick Checklist For Finding The Perfect Home
INVEST YOUR RENT Why Pay Your Landlord's Mortgage?
MORE FOR LESS Six Tips For Getting The Best Loan
OPTIONS 10 Savvy Ways To Pay For A Home Today
SHELTER Six Little-Known Ways To Help Relatives Finance A Home
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