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 Mortgage Insurance Increasing on April 9, 2012
(Blog post has been updated to reflect the new change date of 4/9/12, per FHA Mortgage Letter 12-4) It’s happening again… FHA Upfront Mortgage Insurance Premiums, as well as the monthly Mortgage Insurance charges, are set to increase on April 9, 2012. If you need an...A Reason to Lock Your Rate NOW Instead of Waiting
A new law has passed that will directly affect every person seeking a mortgage securitized by Fannie Mae or Freddie Mac, or insured by FHA, effective tomorrow, 1/11/12. Nearly every loan right now is held by one of these Government-Sponsored Entities (GSEs), so this...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...Expanded Program to Help Homeowners Whom are Underwater: HARP 2.0
Some good news that may open up refinancing opportunities for homeowners with little equity or whom are underwater: the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are enhancing the Home Affordable Refinance Program (HARP). We’re calling it HARP 2.0....Loan Calculator
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