UncategorizedOctober 27, 2012Mortgage Rates : Lower Mortgage Rates Greet The WeekendMortgage-backed securities (MBS) closed the week on a high note. VA, Conforming and FHA mortgage rates improved. Jumbo rates were unchanged.
Mortgage StrategyOctober 22, 2012FHA Mortgage Vs Conforming Mortgage : Which Is Better?Which is better for you? An FHA mortgage or a conforming one? Broken down, trait-by-trait.
UncategorizedOctober 4, 2012Mortgage Rates : Climbed Thursday Ahead Of September Jobs ReportOn the same day that Freddie Mac announced 30-year mortgage rates at 3.36%, rates of all types got worse. FHA, VA and conforming rates climbed Thursday.
HARP RefinanceSeptember 17, 2012HARP 2.0 : No Income Needed With “Money In The Bank”The HARP refinance program just took a major overhaul. Income verification is no longer needed, effective immediately. Get today's HARP mortgage rates.
UncategorizedSeptember 16, 2012FHA 203k Mortgage : A Construction Loan From The FHAIn 2011, more than $115 billion was spent on home upgrades nationwide. Construction loans via the FHA's 203k program remain popular.
Conforming MortgagesSeptember 12, 2012Improve Your Mortgage Approval : The Income-Equity-Credit TriangleMortgage underwriting may be strict, but there's no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.
FHA Home BuyingSeptember 10, 2012FHA Waives Its 3-Year Foreclosure Waiting PeriodThe FHA may change its treatment of foreclosures, short sales and bankruptcies in a buyer's credit history, adding to the pool of home buyers nationwide.
HARP RefinanceSeptember 5, 2012HARP Statistics : Daily HARP Refinance Demand Since HARP 2.0 LaunchSince the launch of HARP 2.0, demand for the "underwater mortgage" program has surged. This day-to-day snapshot shows HARP demand remains strong.
UncategorizedSeptember 1, 2012FHA 203k Eligibility May Soon Expand To Real Estate InvestorsHUD is expected to make its FHA 203k construction loan available to real estate investors soon.
FICO & Credit ScoresAugust 25, 2012Your Credit Report Will Be Re-Pulled Just Prior To Closing (And It Could Change Your Loan Terms)When does "cleared to close" not mean "cleared to close"? When Fannie Mae's involved! Keep your loan approval intact all the way through funding. Here's how.
UncategorizedAugust 24, 2012Mortgages On Maternity Leave : MGIC Settlement Streamlines Loan ApprovalsMGIC settles housing discrimination claim with the Department of Justice and agrees to revise approval guidelines related to family leave.
Mortgage StrategyAugust 17, 2012FHA Mortgage Rates Lower Than “Freddie Mac” Mortgage RatesThere is a big advantage to "going FHA" these days -- especially if you're making a low downpayment purchase. FHA mortgage rates are low as compared to conventional ones.
Economic NewsJuly 17, 2012A Helpful Chart : How Inflation Changes Mortgage RatesInflation is a self-reinforcing cycle. The longer it lasts, the more insidious its effects, and rising mortgage rates are an unfortunate consequence.
UncategorizedJune 12, 2012HARP, FHA Streamline Refinance Support “Underwater” HouseholdsFalling home prices have lowered homeowner wealth nationwide. HARP and the FHA Streamline Refinance program are helping families save money.
Mortgage StrategyMay 8, 2012FHA Mortgage Rates Vs Conforming Mortgage Rates : Which Is Better For You?Is an FHA mortgage better for you than a conventional one? A quick rundown of each product and a comparison chart.
UncategorizedApril 30, 2012Short Sales Play Growing Role in Home SalesNew Short Sale rules for Fannie Mae and Freddie Mac require 30-day approvals.
HARP RefinanceApril 17, 2012What To Do When Your HARP 2.0 Application Is Denied For High Loan-To-Value41 percent of HARP applicants report LTVs over 125%. Why are these homeowners having a hard time getting approved for HARP 2.0?
Mortgage StrategyMarch 30, 2012Mortgage Trends : Homeowners Flock To 15-Year Mortgages Over 30-Year MortgagesLast quarter, 1 in 4 conforming mortgage applicants ditched their 30-year mortgage for a 15-year fixed. There are good reasons why, too.
FHA Home BuyingMarch 26, 2012New FHA Mortgage Insurance Premiums : A “Two-Class” System For FHA MortgagesThe FHA has restructured its mortgage insurance rates for 2012. This guide details the changes and can help you keep your FHA payments low.
FHA Home BuyingFebruary 28, 2012April 2012 : The New FHA Mortgage Insurance Premium (MIP) ScheduleThe FHA will raise its mortgage insurance premiums April 1, 2012. Here is a listing of the new FHA MIP schedules.