800-555-2098
In the last article of our series for homebuyers we went over how to establish an actual dollar amount of what type of home you can not only afford, but will fit into your monthly budget. This is possibly the most difficult part for first-time homebuyers though. Attempting to select one home out a list… Read more »
.
Category: Local Michigan
News and Updates in our home turf Grand Rapids, MI.
Affordable mortgage refinance through HARP
In conventional mortgage refinance, you should have substantial equity in your home, in order to become eligible for mortgage refinance, but the Home Affordable Refinance Program (HARP) has been aimed at helping the homeowners to refinance their mortgages even if their outstanding balance is more than the current market price of their home. This particular… Read more »
Farm Land Prices up in 2012
With the uncertainty in the economy and the volatility in regular investments like stocks and bonds, investments in commodities and real estate will force farm land prices up in 2012. Compared to only a year ago, farming properties have grown in demand pushing the prices up over 20% in many areas. As wise real estate… Read more »
Home Affordable Refinance Program Updates
There has been some exciting news which was recently released by Fannie Mae and Freddie Mac. These two government agencies who help support the housing financial system, have announced that they are loosening some of the guidelines on their popular Home Affordable Refinance Program also known as HARP. This ultimately means that it will be… Read more »
2012 Mortgage Rates | Will Mortgage Rates Remain Low for 2012?
The Federal Reserve has just concluded its final meeting for the 2011 calendar year stating that they plan to keep Fed rates low through mid-2013. This will have a positive effect on mortgage rates in 2012 helping to keep home loan rates low. Mortgage rates have been maintaining near record lows for several months as… Read more »
USDA Guarantee Fee Dropping October 2011
Starting October 1 2011 the USDA guarantee fee will drop to 2% of the total loan amount down from the current 3.5%. The USDA has decided to transition into an annual fee model similar to the FHA (Federal Housing Administration). An annual fee of .3% of the loan amount will be charged on a monthly… Read more »
FHA loan limits reduced on October 1 2011
The FHA loan limit will revert back to previous loan limits of 2008 for all loans insured by FHA on or after October 1, 2011. The Federal Housing Administration (FHA) temporarily increased the FHA loan limits under the Housing and Economic Recovery Act (HERA) to help speed the recovery and stabilization of the United State… Read more »
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… Read more »
.
Google Rating
Based on 766 Reviews