Posts By Anna Platz
Location
North Carolina
Phone: 267-987-3024
Posts
It’s not uncommon for current and prospective homeowners to ask “Are mortgage rates good right now?” Similarly when evaluating a loan offer they might wonder “Is this a good mortgage rate?” It’s impossible to draw the line saying mortgage rates above a certain number are bad and below it they’re good – whether a mortgage [...]
Homeowners often ask how many times they can refinance a mortgage loan. The short answer? There is no set limit to the number of times you can refinance the mortgage for a single property. If interest rates steadily drop lower and lower it’s not uncommon to see homeowners go through a series of no cost [...]
Most homeowners refinance their mortgage with the purpose of saving money. They are trying to achieve a lower monthly payment, or long term interest savings with a lower mortgage rate. Still, when considering a refinance it is important to carefully compare the new loan with your existing mortgage to see whether you will truly save. [...]
If the last time you applied for a mortgage loan was several years ago the experience was likely very different from what you may encounter this time around. Borrowers were often easily approved for much higher loan amounts than they were even interested in (or could reasonably afford, but that’s another issue.) In the past few [...]
In May of 2003 The Department of Housing and Urban Development (HUD) enacted a rule which made homes which were “flipped”, or resold within 90 days of purchase, ineligible for FHA financing. Flipping is sometimes done by legitimate and hardworking investors who buy a distressed property, often at auction after the home has gone through [...]
When shopping for a condo it’s important to understand that there are some extra requirements to consider when planning on FHA financing. Learn the six questions to ask about a condo project you’re considering before making an offer.
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