Mortgage Rates : Lower Mortgage Rates Greet The Weekend
October 27, 2012 in Uncategorized
Mortgage-backed securities (MBS) closed the week on a high note. VA, Conforming and FHA mortgage rates improved. Jumbo rates were unchanged.
FHA Mortgage Vs Conforming Mortgage : Which Is Better?
October 22, 2012 in Mortgage Strategy
Which is better for you? An FHA mortgage or a conforming one? Broken down, trait-by-trait.
Mortgage Rates : Climbed Thursday Ahead Of September Jobs Report
October 4, 2012 in Uncategorized
On 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 2.0 : No Income Needed With “Money In The Bank”
September 17, 2012 in HARP Refinance
The HARP refinance program just took a major overhaul. Income verification is no longer needed, effective immediately. Get today’s HARP mortgage rates.
FHA 203k Mortgage : A Construction Loan From The FHA
September 16, 2012 in Uncategorized
In 2011, more than $115 billion was spent on home upgrades nationwide. Construction loans via the FHA’s 203k program remain popular.
Improve Your Mortgage Approval : The Income-Equity-Credit Triangle
September 12, 2012 in Conforming Mortgages
Mortgage underwriting may be strict, but there’s no magic formula for getting approved. Satisfy the Mortgage Income-Equity-Credit Triangle.
FHA Waives Its 3-Year Foreclosure Waiting Period
September 10, 2012 in FHA Home Buying
The 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 Statistics : Daily HARP Refinance Demand Since HARP 2.0 Launch
September 5, 2012 in HARP Refinance
Since the launch of HARP 2.0, demand for the “underwater mortgage” program has surged. This day-to-day snapshot shows HARP demand remains strong.
FHA 203k Eligibility May Soon Expand To Real Estate Investors
September 1, 2012 in Uncategorized
HUD is expected to make its FHA 203k construction loan available to real estate investors soon.