FHA Lowers Mortgage Insurance Premium Great news for homebuyers considering an FHA home loan or FHA refinance! The popular mortgage program is getting even better. The Department of Housing & Urban Development announced this morning that the FHA will be decreasing their annual mortgage insurance premium by a quarter of a percent. The upfront guarantee fee… Read more »
Millennials, Mortgages & Homeownership It is no surprise that millennials, generation aged 18-34, make up more than 40% of homebuyers today. Follow these simple steps to join your peers on the path to home ownership. Don’t Wait Forever If you find yourself waiting for the perfect house, at a great price, and the lowest rate,… Read more »
If you’ve ever purchased a home, you know how stressful the process can be. What should be an exciting experience can quickly turn to panic, as the target closing date approaches. So, what can be done to prevent delays along your path to homeownership? Check out our list of tips and tricks below to meet (or beat!) your closing date. Get… Read more »
How to Get Rid of Mortgage Insurance So you want to break up with your monthly mortgage insurance—we don’t blame you! When you purchased your home, there’s a good chance you didn’t have 20% to put down, right? Mortgage insurance is a great option, in that it allows buyers to increase their purchasing power, but… Read more »
5 Reasons to Buy a Home in the Winter Baby, its cold outside—and its only going to get colder. Before you put your home search on hold for the next four months, check out these benefits of buying a home in the winter! 1. Less Competition During the winter months, there are less buyers shopping, and… Read more »
You may have heard some buzz this spring about mortgage giant Fannie Mae and trended credit data, changes which were set to take effect in June. Just days before the launch, however, the new system was delayed unexpectedly. Well folks, long-awaited Desktop Underwriter 10.0 launched this past weekend, and with it, the requirement that lenders… Read more »
Using Gift Funds for your Down Payment Not everyone has thousands of dollars lying around for a down payment when they are in the market to purchase a home, so receiving a gift can be a great option! Here’s what you need to know, if you’re lucky enough to receive a down payment gift. There… Read more »
If you’ve ever been in the market for a mortgage, you’ve probably heard the phrase ‘loan-to-value ratio’ or ‘LTV’ for short. Obtaining a new mortgage can be nerve-wracking, even without the financial jargon and acronyms—so let’s talk about LTV, what it means, and how it affects you and your mortgage. How are Loan-to-Value ratios calculated?… Read more »
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