I probably don’t do this enough, but I wanted to take a minute to explain to exactly what I do. …that is to say what I’m good at. …what I specialize in. Yes, I’m in the mortgage industry. I make loans for people to buy and refinance houses. I can do all the mortgage loans…
I have a mortgage rate update for you… The Fed has their meeting on Wednesday. This meeting will include their policy announcements, as well as the Fed’s economic projections. It is expected that the Fed will say they are going to continue their tapering of Bond purchases. This news will likely cause a bump in…
A quick note about interest rates… This past week’s jobs report gave us evidence that the economy is not about to overheat and thus the Federal Reserve Board is not likely to move on increasing interest rates more quickly than originally anticipated. According to the pundits at the Wall Street Journal – wage growth has…
You would be surprised but there are many realtors out there that are unaware of the USDA program. If you are looking for a home in the outter suburbs or in a rural area make sure your realtor knows about this great 100% financing program. Here are some quick bullit points on the USDA program……
If you have an FHA loan and are considering a streamline refinance – you might want to wait until December to complete it. Here’s why… FHA has strict rules on maximum loan amounts for Streamline Refinances. …In other words they have limits to how much closing costs, and prepaid taxes and insurance that can be…
I’ve recently written two Special Reports. You might find them interesting, and if you don’t need them now perhaps you know someone who might benefit from them. …If so, please feel free to forward this to them. Here are the reports… How To Buy A House With No Money Down, Have A Super Low Rate,…
A quick note for you today on some USDA changes coming up… The department of Rural Development (administers USDA loans) has announced an increase to the annual fee (paid monthly) for both purchase and refinance transactions that will take effect on October 1, 2014. The annual fee for both purchase and refinance transactions will be…
Here’s what you can expect if you are changing jobs while your getting a mortgage… The underwriter will want to see your first pay check at the new job at a minimum, and often they will want to see your first 30 days of paychecks. The underwriter isn’t trying to make your life difficult by…
The governments many agencies that police the mortgage industry continue to do what they do best… …which is pass new regulations with the intention of “protecting the public” that ends up costing the public big time. Case in point: Private mortgage insurers could be forced to raise their prices if Federal Housing Finance Agency’s PMI…
If you have been considering purchasing a home in the outer suburbs, or in a rural area I would recommend doing it in the next few months. The reason is that one of the best loans for homes in this area is the USDA loan. …and, the maps are supposed to change in January. Changes…