Is 620 the bare minimum of what is considered decent credit?
If you have the other qualifying criteria such as your debt to income ratio, I could still get you pre-approved with a credit score lower than 620.You may call me at 860-866-5504 to get more details. Janet@commercialct.com

What are some tips for first-time home buyers?
Work on your credit history before you start shopping around for a home loan. Contact a loan officer to find out how your credit report looks like and if there are any inaccuracies, correct those. If there are any other issues, your loan officer can help you by letting you know what you can do to increase...

Questions about purchasing 2nd home before selling the first
You can get a conventional home loan. As long as your debt to income ratios are within fannie guidelines, it should not be a problem for your to obtain financing. You just have to find a loan officer that works for a mortgage company. This way he or she will be able to shop around your loan with many lenders. ...

HARP 2 Refinance
Go with the lower rate. You will save a lot more money in the long run.Janet

Fha and renting out spare apt
No, it is legal.Janet

fha pmi
Without MI, you need to get a 15 year fixed. I assume that you don't have a 660 credit score to get a conventional loan? If you have at leaset a 660, you should get a conventional loan 30 year fixed.Call or e-mail to explore your mortgage options. janet@commercialct.com 860-866-5504