Emergency Preparedness: Guest Blog Post by Melissa Stacey of Feeling Organized
This blog post on Emergency Preparedness is shared by professional organizer Melissa Stacey. She specializes in organization for your home, office and small business. She works with each client to create a unique organizing system that is geared toward their specific...How the Government Shutdown Will Affect Your Loan
The government shutdown has severe ramifications for many people. One that will affect your loan in process is that the IRS will not be validating tax returns. Part of the loan process is for the lender to validate your income directly with the IRS. They match what...Be Competitive in Your Offer to Purchase a Home
Even though housing supply and demand has leveled off compared to the earlier part of this year, demand does still outweigh supply (the inventory of homes on the market). So it is critical to be as competitive as possible when you are up against other buyers putting...Tips for Closing on Your Home Loan Quickly
Even though the lending industry has slowed down greatly since interest rates increased in early summer, it is still a busy time. If you are applying for a loan to purchase a home, then most likely you have offered terms with a short contingency removal and Close of...Rising Interest Rates in 2013
The good news is that I am happy to announce that I got featured as one of the “mortgage experts” in a Yahoo! Homes article regarding interest rates and what trend is anticipated for 2013. The unfortunate news though is that since the article was...Final Days to Lock In on Lower FHA MI Rates
There are less than two weeks before FHA Mortgage Insurance rates increase again! Here is a detailed chart of the new rate premiums, effective with Case Numbers ordered on or after April 1, 2013. If you can get that case # ordered now, do it! I have a client that put...Current Rules for Getting a Loan if You Have Had a Foreclosure or Short Sale
It’s a pretty hot housing market right now: lots of demand + lower-than-normal inventory mean that housing prices are rising. Even though interest rates are higher than last year’s lows, they are still in the 3s (depending on your scenario, they may be in the low...FHA Increasing Mortgage Insurance Rates Again
They’re doing it again! FHA will be increasing Mortgage Insurance Premiums (MIP) by .10%. Currently, for a 30-year term mortgage with a loan amount of $625,500 or less, the annual MIP rate is: 1.25% when Loan-to-Value ratio is > 95% 1.20% when Loan-to-Value ratio...Reminder to Pay Property Taxes
We are coming up on the “late” date for the 1st installment of property taxes. The fiscal year runs from July 1 to June 30. The 1st installment of taxes is due on November 1st, late December 10th; the 2nd installment of taxes is due February 1st; late April 10th....Loan Calculator
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