Appealing or Rebutting Your Appraisal

If you are purchasing or refinancing, one of the biggest components to getting approved for your loan is the appraisal. For some, equity is a non-issue, but for others, the appraisal can make or break the deal. When the home’s appraised value comes in lower than...

More Big Changes to FHA Loan Premiums

It was only a few months ago that HUD increased FHA’s Upfront Mortgage Insurance Premium (UFMIP) from 1.75% to 2.25%. HUD will now decrease the UFMIP down to 1.0%, but will increase the monthly mortgage insurance amount from .55% to .90%. Let’s see how this truly pans...

Happy 4th of July!

Have a happy and safe 4th of July! The markets will be closed on Monday, July 5th, as will Granite Financial. Celebrate well and safely. Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on...

Happy Thanksgiving!

Have a special Thanksgiving holiday with your friends and families! The bond market is closed today and tomorrow it will close early.  Most lenders will be closed until Monday, so interest rates will not be issued until then. I appreciate your loyalty and readership...