by Irene Moustakas | Dec 4, 2017 | Featured, Industry News
Great news – The Federal Housing Finance Agency is increasing conforming loan limits again in 2018! New conforming loan limit will be $453,100, and high-balance loan limit will increase to $679,650 for high-cost counties. Lenders are also accepting locks and...
by Irene Moustakas | Oct 24, 2017 | Featured, Industry News, Loan Programs and Products
Fannie Mae recently announced a student loan refinance program, which allows homeowners to use their homes’ equity to pay off student loan debt. This is a special program, and even though you’re tapping into your home equity, you are not getting charged a “cash-out...
by Irene Moustakas | Jul 10, 2017 | Featured, Loan Programs and Products
Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print...
by Irene Moustakas | Jul 6, 2017 | Featured, Industry News, Loan Programs and Products
The lending landscape has lightened up, and with it new programs and opportunities have become available. Here are some niches that I can assist with, along with a brief explanation of the program. Future Income Program – allows a borrower to close a loan 120 days...
by Irene Moustakas | Jun 27, 2017 | Featured, Loan Programs and Products
Did you know you have options in paying or avoiding Private Mortgage Insurance (PMI)? PMI is charged by the lender when you do not have 20% down payment. It is insurance to protect the lender (not you) against you defaulting on the mortgage, since you are considered...
by Irene Moustakas | Jan 9, 2017 | Featured, FHA
UPDATE: THE REDUCTION IN FHA’S MORTGAGE RATES HAS BEEN SUSPENDED INDEFINITELY. In this rising interest rate environment, FHA will be passing along a little reprieve to home buyers and home owners that are securing financing through FHA. The annual insurance...