Let The Feds Lower Your Down Payment
Want to buy a home, but don’t have much cash?
Two government programs can ensure you make the smallest possible down payment.
You can still get 100% financing if you can qualify for a VA loan. And you’ll only have to pay 3.5% of the purchase price with an FHA loan.
These are mortgages where the government promises to repay the bank if you default. With guarantees like that, banks are able to take on borrowers they might have rejected on charged a much higher interest rate.
READ THE ENTIRE POST.
Related Posts:ING Direct 4.50% ARMBest Mortgage Rates Slip LowerSkipping A Car Payment Could HelpThink Mutual Bank 3.99% New Car LoansBank of America 4.40% New Car Loans
Links from My Presentation at the National Credit Union Directors’ Convention
Thanks to everyone who attended my presentation: Ecommerce Opportunities for Credit Unions yesterday at the CU National Directors’ Convention in Las Vegas.
Here are the links to the examples cited:
Mobile banking
- Walt Mossberg’s Mar. 25, 2009 article about iPhone apps
- Apple’s “Apps for Managing Money” page
- MasterCard ATM Hunter iPhone app (iTunes link)
- Mobile remote deposit from WV United FCU (previous post)
- Chase text banking page
- Evangeline Credit Union (Canada) text/mobile banking demo
- Bank of America’s SafePass mobile security page
- Mobile payments integrated with prepaid cards at Obopay
- iPhone app on homepage at Meriwest Credit Union
Second-generation online banking (online banking 2.0)
- Startups demoing new financial apps (link to videos) at FinovateStartup 2009
- Quicken Online’s “what’s left until payday” tool
- Online personal financial management at Mint
- Long-term financial planning at SimpliFi
- Wesabe’s co-branded site at UK’s Telegraph and coming soon to Delta Community Credit Union and Addison Avenue Credit Union (also mentioned Jwaala)
- Property tax savings at LowerMyAssessment.com
- Home-Account’s fee-based mortgage management
- Free credit grades at KnowBeforeYouApply.com (also mentioned Credit Karma)
- BillShrink’s wireless savings tool and credit card tool
- Social savings at SmartyPig
Connecting with people
- Social networking tools showcased on Michigan State University Federal Credit Union’s (MSUFCU) homepage
- MSUFCU twitter page
- BakerTweet, the UK bakery using Twitter
- University of Wisconsin Credit Union’s blog, Source Code
- Blog feed on homepage of Piedmont Credit Union (no longer on homepage…blog has gone dormant)
- Subscription options at Piedmont CU’s blog site
- Facebook page at Fairwinds Credit Union
- FreeAllATMs campaign from Amplify Credit Union carried out on its Facebook page and YouTube page
- Video usage at Generations Federal Credit Union
- Our newsletter, Online Banking Report and next financial innovations conference Finovate 2009 in NYC, Sep. 29, 2009
