Even though many lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true mortgage approval that holds any weight in Maryland is one that has been issued by an underwriter who has had an opportunity to review all of the necessary documents. With a constant stream of new lending guidelines, [...]
Come to our Maryland Home Buyer Workshop on April 5th or April 7th at 7pm. In just 60 minutes, you will receive the knowledge you need to buy in today’s market. Prospective buyers in Maryland will receive a realistic preliminary estimate of costs and required down payment and a mortgage pre-approval letter you can take to [...]
Video: Follow Up On Quarter Percent Effective Rise In FHA Mortgage Rates, Seattle, Bellevue, Lynnwood, WA Below is a video follow up to my post March 1, 2011. See how just a quarter percent can impact this buyers personal finances if they wait to act after April 18, 2011. For Additional Information Or To Get [...]
HUD Raising FHA Mortgage Rates by 0.25% - Seattle, Bellevue, Lynnwood, Washington Markets …well effectively at least. HUD (Department Of Housing And Urban Development) recently released it’s MortgageeLetter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers. Excerpt > Here is the stated Purpose: This Mortgagee Letter introduces a [...]
President Obama’s fiscal year 2012 budget was released on February 14, 2011. FHA Commissioner David H. Stevens announced the same day, a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans. “After careful consideration and analysis, [...]
The Maryland 2011 FHA loan limits by county are unchanged from 2010. With only a 3.5% down payment, FHA mortgages have been a great mortgage option for First Time Home Buyers. For more information about a Maryland FHA Mortgage, Loan Limits, or FHA guidelines, please feel free to contact me directly. Bill Sohan 410-963-2308 County [...]
Great news for Utah home buyers and owners who are watching mortgage rates.
The 30 year fixed rate has dropped once again to its lowest level ever according to the Freddie Mac data. Freddie has compiled mortgage interest rate data since 1971 by taking the average interest rates posted from several major mortgage lenders.
Homebuyers and homeowners in Rhode Island and other states, should expect to have their annual mortgage insurance premiums increase on new purchases and refinances on loans guaranteed by FHA. (Federal Housing Authority) On June 10, 2010, The House of Representatives approved by a 406-4 vote the Federal Housing Administration Reform Act, a law designed to put the agency on [...]
A mortgage is generally the largest debt most homeowners have to manage. It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the [...]
How much mortgage money can I qualify to borrow? This is typically the number one question mortgage professionals are asked by new clients. Of critical importance when considering mortgage financing: There is sometimes a difference between what a client ***can*** borrow and what they ***should*** borrow. In other words, what makes for a comfortable long-term [...]
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
