TIME IS RUNNING OUT ON REDUCED MORTGAGE INSURANCE PREMIUMS

FHA loan are becoming more popular as families deal with the after effects of the major economic depression that we saw only a few years ago.  With conventional mortgage being more difficult to qualify for with previous credit issue, FHA has become the go to mortgage program for U.S. Families. The Federal Housing Administration has… Read more »

MONEY GONE FOR FIRST TIME HOME BUYER MSHDA GRANT

If you or someone you know has been feverishly looking for a home to purchase using the MSHDA Grant for first time home buyers then you luck may have run out.  MSHDA unexpectedly announce the exhaustion of grant funds for first time home buyers using the $3000 credit on Wednesday the 27th at 5:00PM.  Earlier… Read more »

OWNING YOUR OWN HOME AND THE ITS TAX BENEFITS

It seems like every year tax season sneaks up on us all.  This may be a blessing for some but a huge burden to others.  Regardless of where you sit come tax time one thing is for certain those homeowners who own homes will receive a tax break.  All of our situations are different so… Read more »

MSHDA Grant Money Running Low

 MSHDA first time home buyer grant money is running low for those looking to purchase homes in Michigan.  With the program’s inception only a couple of months ago, funds are already running low for buyers purchases homes using the national mortgage settlement grant funds. The current balance as of March 19th, 2013 is at $4,771,560… Read more »

HARP Refinancing Beat 2012 Estimates

HARP refinancing beat 2012 estimates with nearly 1.1 million loans closed last year.  Fannie Mae and Freddie Mac released a report for the Federal Housing Finance Agency confirming last year totaled nearly half of the 2.2 million loans completed since the HARP program was announced in 2009.The majority of homes were primary residences with 1.89 million… Read more »

INCREASE YOUR CREDIT SCORE WHEN APPLYING FOR A MORTGAGE

Mortgages have been a hot topic of conversation lately as rates continue to track lower and lower.  People continue to refinance their homes at unprecedented rates and new home sales are also starting to pick up.  People do not want to miss the golden opportunity which comes along with historically low rates.  The only problem… Read more »