Mortgage StrategyJanuary 15, 2013Mortgage Tip : Use “Rate Locks” To Get A Lower Mortgage RateLearn how to use mortgage rate locks for your personal gain. Pick a better closing date, get a better mortgage rate.
FHA Home BuyingJanuary 7, 2013FHA Streamline Refinance Update : Banks May Not Verify Income, Job, Or CreditFHA has excluded the FHA Streamline Refinances from Compare Ratios. Banks may stop verifying income, job and credit score.
FHA Home BuyingDecember 30, 2012Congress Considering New, Lower FHA Premiums For First-Time Home BuyersA bill was introduced that would lower FHA mortgage insurance premiums for first-time home buyers.
UncategorizedDecember 20, 2012Low Mortgage Rates, Rising Home Values Fell Loan Delinquency RatesFewer homeowners are expected to be mortgage-delinquent next year. Rising home values and low mortgage rates are helping the economy.
UncategorizedDecember 14, 201218.2 Million Refinances Since 2009: HARP, FHA Streamline Refi, VA IRRRL, MoreThe government's November Housing Scorecard shows $1.5 trillion in home equity replaced and 18.2 million refinances since April 2009.
UncategorizedDecember 10, 2012FHA Mortgage Insurance Premiums May Benefit From HUD Note SaleThe government is selling 40,000 FHA mortgage notes in 2013, which may lessen the need to raise its FHA mortgage insurance premiums (MIP).
UncategorizedDecember 4, 2012FHA Issues “Disaster Area” Guidance To Mortgage ServicersThe Federal Housing Administration (FHA) has published post-disaster mortgage guidelines to help its U.S. homeowners.
Conforming MortgagesDecember 2, 20122013 Jumbo Loan Limits : Loan Sizes Up To $625,500For 2013, conforming loan limits range to $625,500 for a purchase and $729,750 for a refinance.
UncategorizedNovember 19, 2012NAR : 46% Of First-Time Buyers Use FHA MortgagesThe National Association of REALTORS® highlights today's home buyer demographics. Fewer first-time buyers are women; more use FHA financing.
UncategorizedNovember 18, 2012Mortgage Rates : All-Time Lows Into Thanksgiving WeekendConforming mortgage rates climbed last week; FHA and VA mortgage rates fell. In this week's holiday-shortened trading, rates may rise.
UncategorizedNovember 5, 2012Mortgage Rates Drop Monday Ahead Of U.S. Election ResultsMortgage rates of all types fell Monday -- conforming, FHA, VA, USDA and jumbo. Home buyers and refinancers are benefitting from the effects of Election Day and Hurricane Sandy.
FHA Home BuyingNovember 4, 2012Lock Your FHA Mortgage Rate : FHA Mortgage Insurance Premiums May Rise In Early-2013Congress is working a bill that would give the FHA the ability to raise mortgage insurance premiums to 2.05% -- the fifth hike in 5 years.
UncategorizedOctober 31, 2012Mortgage Rates : Falling On Hurricane Sandy’s AftermathMortgage rates improved Wednesday on the expected economic fallout from Hurricane Sandy. Strong jobs data could wipe those gains out quickly, however.
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.
