Refinancing Your FHA Mortgage | Part 2
As a follow up to an earlier article I wrote on FHA Loans, I wanted to continue to explain the advantages FHA mortgage holders have when they refinance their current mortgage. As discussed previously, the government provides a loan called the “Streamline Refinance” dedicated to those borrowers whom have a FHA loan. This loan provides [...]
Buying Land in Michigan
Now is an excellent time to purchase land in Michigan. There has not been a period in our lifetimes better to purchase hunting land or to buy farm land. Property values have dropped significantly over the past few years and land loan rates are also very attractive. While there are few land loan lenders in [...]
What Mortgage Can I Afford
When the time is right for you to start shopping for a mortgage the best question to ask yourself is “What Mortgage Can I Afford?” While there is no easy answer to this question there are a few steps you can take to make sure you are getting a mortgage with affordable mortgage payments for [...]
Land Loans in Michigan
Michigan is well known for its amazing summers and beautiful winters. Whether you are a sport enthusiast interested in buying recreational land, a farmer looking for a farm land loan or a plan to build a new home and want to buy your home site land while property is cheap, you will need to know what [...]
Grand Rapids Cheap Homes for Sale
Grand Rapids, MI makes another top 10 list on Cnn.com for the top 10 dirt-cheap housing markets. Grand Rapids is no stranger to Cnn.com’s top ten lists for bargain housing purchases however the new list released by Cnn.com showcases Grand Rapids’ cheap homes for sale. Out of the 25,375 United States Cities (according to the [...]
Refinancing Your FHA Mortgage- Part 1
One of the main home financing options available right now is a FHA loan. In fact, in 2009 34.5% of all loans were FHA loans, in 2010 27.7% were FHA loans, and 33% in 2011 so far. With so many FHA loans administered by the Government the last few years FHA mortgage holders need to be aware of the advantages they may have when contemplating a refinance. One option [...]
America’s Most Stressful Jobs 2011
If you think you have it bad when it comes to stress at work, you may be right! CareerCast.com has released their list for the most stressful jobs in 2011. This is one top ten list that you do not want to be on. Of course, one of the jobs on the list is being [...]
2011 Postage Rate Increase
There is yet another cost of doing business for Realtors and Mortgage professionals taking place on April 17th, 2011. The United State Postal Service (USPS) will be increasing stamp prices for most of its mail classes including First Class, Media Mail, and Parcel Postage. Do not mistake these increases for the already implemented rate increases [...]
FHA Mortgage Insurance Premium Increases
For all FHA mortgage loans with case numbers assigned on or after April 18th 2011, the mortgage insurance premium will be increased making it more expensive for homebuyers. This change will not affect those who already have a FHA case number assigned or FHA loans that are already funded. To help you better understand FHA [...]
Why there IS a Double dip in housing
Sales of new homes dropped 17 percent in February following another big drop in January. This combined with a reported low level of mortgage purchase applications clearly spells out a Double Dip in the housing market. The question is not if there will be a double dip, the question is when will it end. With [...]
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