Homepath 3.5% Closing Cost Assistance Expiring Soon
The 3.5% credit towards closing costs (and buying down an interest rate, if applicable) is expiring soon! For any Homepath real estate purchase, you can still qualify for the 3.5% credit. So if your purchase price is $400,000, you will receive a credit from Fannie...Back to Blogging!
Well, I took quite a hiatus in my blogging, didn’t I? I have a Facebook business page (https://www.facebook.com/LoansByIrene), and my last posts there all had to do with how the market has been improving and how I was renegotiating interest rates for all my current...Reminder! Temporary High Balance Loan Limits are Expiring Soon!
Temporary high balance loan limits are set to revert back to their permanent levels on September 3oth. This means that your loan must be funded and closed prior to 9/30. In addition, lenders will start establishing deadlines for locks and submissions. I was...Calculating the Income of a Self-Employed Individual
Lenders underwrite income on salaried borrowers versus self-employed borrowers differently. If you are salaried, the lender will use your current gross base income as your qualifying income. They do want to see a 2-year history of employment without any gaps, and...High Balance Temporary Loan Limits Set to Expire 9/30/11
Fannie Mae’s current temporary limits for high-balance loan amounts are set to expire on September 30th. On October 1st of this year, they will revert back to the permanent high-balance limits. The limits are dependent on the county you live in, but for many...Loan Calculator
Try for free!
Free eBook
