In case you are not aware yet, FHA has made some changes recently. Some of these changes are effective today, and some are expected to be effective 'this Summer'. To view changes other than the … [Read more...]
Sell My Home For Less? Probably, and Buy Now!
It is time to revisit the whole idea of buying and selling in a down economy Real Estate market, whether you are in and around Dallas Fort Worth or in Collin County. One thing is for sure, you do not … [Read more...]
USDA Funds Expected to Exhaust end of April 2010
If you are depending on a zero down payment option through the USDA Guarantee Loan program, time is running out for you to secure the property that you plan to buy with, and the department is … [Read more...]
Bernanke Ceases Buying of Mortgage Backed Securities, Expect Higher Rates Soon
Today on a Video Blog by ThinkBigWorkSmall, it was reported that on March 31st the Fed will temporarily quit the buying of mortgage backed securities, which has been credited for keeping our housing … [Read more...]
It’s Official…FHA Up Front Mortgage Insurance Increased
In a HUD Mortgage Letter I received today, David H. Stevens, Assistant Secretary for Housing-Federal Housing Commissioner issued the change for FHA Up Front Mortgage Insurance. So, effective for FHA … [Read more...]
Rates Fall 6 Straight Weeks, and Stay Under 5% for 2 Weeks Straight
Rates Remain Under 5% for 2nd Week In a Row (see last paragraph for mention of possible extension of Tax Credit again!) "The possibility of securing a mortgage rate below 5% has greatly improved in … [Read more...]
Foreclosure Ban…Review for Obama’s Modify Mortgage First
The Federal Housing Finance Agency (FHFA) is authorizing the extension of Home Affordable Refinance Program (HARP) until June 30, 2011. Also included in the HARP is the modification program. This is … [Read more...]
Procrastinating Refinance Prospects Soon to Miss the Boat
Future home buyers of America, and Americans concerned about the future of their investment, it may be time to turn your frown upside down. Top economists across America representing American Bankers … [Read more...]
FHA Loses Fight to Increase Down Payment Requirement from 3.5% to 5%
Thanks to the NAMB (National Association of Mortgage Brokers), the fight to hold the minimum down payment for a FHA purchase at 3.5% instead of bumping it up to 5%, has been won. Today, the fight … [Read more...]
6 Easy Steps to Shop for Your Mortgage and Be Successful
After 8 years helping families find the right loan for their needs, I want to tell you how I would shop for a loan if I were no longer in the business. Please note, if a good deal to you in buying a … [Read more...]
