By Fidelity National Title Insurance Company—One of the biggest problems facing potential buyers today is coming up with enough money for the down payment and closing costs. The amount of money you have available can greatly limit or increase your purchasing power.

By Sharon Hassler—Confused by some of the abbreviations in the information you receive from your loan officer or mortgage broker? Here are many of the common abbreviations used today. If you have any questions about documents from your lender, do not hesitate to ask for clarification.

By U.S. Department of Housing and Urban Development (HUD)—The Home Equity Conversion Mortgage or FHA-Insured Reverse Mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home.

By John Moran—I hear the following statement at least five times a day, "My neighbor's house is listed for X and mine's bigger, so my house must be worth Y." Replace X and Y with values that make sense in your neighborhood and you've probably heard it too.

By Sharon Hassler:

1. Where to Find a Loan Officer

We can't stress enough the importance of finding an experienced, reliable loan officer or mortgage broker. Start with a referral. Ask your family, friends, co-workers, real estate agent, attorney or accountant.