Fannie Mae/Freddie Mac Changes to Foreclosure Requirement
Fannie Mae just got a little more strict on their time period requirements for foreclosures. If you have been foreclosed upon, you cannot get a loan on a new home purchase for seven years. This went up from a minimum 5 year period. If you did a short-sale on your...Information Needed for a Rate Quote
I hope you all had a wonderful Thanksgiving surrounded by your loved ones. Mortgage rates have trended upwards the past three weeks, with significant daily swings, both up and down. World economic concerns (in particular, the European Union debt and banking issues)...Reminder: Last Day to Pay Property Taxes Without a Penalty!
Today, 12/10, is the last day to pay your 1st installment of property taxes without being assessed a late fee. If your payment is postmarked after today, the county will assess a 10% penalty, so it isn’t cheap! Being late on property taxes is NOT reported to...Homeowners Insurance Requirements
Homeowners insurance (sometimes called hazard or fire insurance) is required when you purchase and refinance your mortgage. Even if you own your home outright, it’s smart to have fire insurance, even if there is no lender actually requiring it. Proper coverage is...Loan Calculator
Try for free!
Free eBook
