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...Choices: When the Appraised Value Comes in Lower than Your Purchase Price
If you are purchasing a home and the appraised value comes in lower than the sales price, this can be a deal-killer for many buyers. Lenders calculate the loan amount based on the lesser of the purchase price or the appraised value. If you’re at the Loan-to-Value...Purchase Loan Program Available for our Community Heroes: Police, Firefighters, Teachers & EMTs
There is a special program currently available to police, firefighters, teachers and emergency medical technicians. The program, called Good Neighbor Next Door (GNND), offers a 50% discount on the list price of a home for HUD-owned properties. In return, the...Loan Calculator
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