FHA loan delinquencies on the Rise

In terms of the mortgage industry, things are starting to finally look up a bit, unless you are referring to the loans backed by the Federal Housing Administration (FHA loans). Delinquencies are up nearly 27% on FHA loans while conventional mortgages delinquencies have been steadily dropping. More and more of loans insured by FHA are… Read more »

Tips for First Time Homebuyers

If you are a first time homebuyer, the process of buying a house can seem overwhelming and even complicated, however just like anything important in life, you must take the necessary steps to get through it. Here are some important steps to follow before and you buy your first home. Get your credit in order… Read more »

2012 Setting Record lows for Mortgage Rates

Mortgage rates are setting new records for all-time lows. For the seventh time in eight weeks, we are seeing record low mortgage rates. According to Freddie Mac’s weekly survey, the average prime offer rates for 30-year fixed mortgages are at a 3.66% rate, which is down from last week’s average rate of 3.71% rate.  Currently,… Read more »

International Home Sales

Every week we are bombarded with news regarding the housing market. Some of the news becomes the bearer of bad news while on other days we are told to rejoice in hopes of a brighter tomorrow for the housing market.  Well it seems the market is receiving help from an unlikely source. That source would… Read more »

Foreclosures on the Rise

“Up, down and around we go. Where we stop, nobody knows!” Those are the exact thoughts so many American homeowners are experiencing right now. We are given reports and surveys from national agencies stating there is “hope on the horizon” for the housing market but yet what the latest report states would contradict that there… Read more »

FHA Streamline Refinance

What’s the point in earning money if it just gets thrown towards outrageous bills like that of your mortgage? Well thankfully there is something that is here to help you out. The FHA (Federal Housing Administration) Streamline Refinance program has been around for a little while now and it has manifested itself into one of the more popular… Read more »

Michigan Land Loans

Michigan is full of prime land all throughout the state. No matter what type of environment you’re looking for, it’s essentially a guarantee that you could find beautiful land. Want to own your very own piece of land directly on Lake Michigan near the active town of Grand Haven? Perhaps you would rather own a great spot tucked… Read more »