You Can Get a Conventional Loan with just 3% Down

Friday, April 8th, 2016

When you’re looking to get a mortgage your options are usually going Conventional with at least 5% down or doing a FHA Loan and only putting down 3%.  For first time home buyers the lower down payment meant most went with FHA, since the down payment is usually the biggest hurdle for them.  But now […]

If You're Getting an FHA Loan You Should Read This!

Friday, February 8th, 2013

If you’re thinking of getting an FHA loan you may want to move up your schedule a bit.  Because of loan losses  FHA mortgage premiums are going to increase on April 1st.  On most loans the increase will be about $100 a year per every $100,000 of your loan.  If you want to avoid this […]

FHA Mortgage Changes are Coming

Monday, November 19th, 2012

Due to losses at FHA there are some changes coming for FHA loans.  They are: Increasing the annual insurance premium paid by borrowers on new FHA loans in 2013. This should add $13 per month to the average borrower’s bill Continuing to sell expanded pools of defaulted mortgages that are headed for foreclosure Revising its […]

How to refinance your home using HARP 2.0

Wednesday, July 18th, 2012

      So you purchased your home a few years back. You got a good interest rate for the time, maybe about 6%.  But now you see those 4% (and even less!) rates and you’re salivating.  You want to refinance but you know your house is worth less than you owe, so there’s no way, right?  […]

Home Buyers Downpayment Assistance

Saturday, June 9th, 2012

   One of the hurdles facing home buyers today is coming up with a down payment.  Often for first time home buyers the monthly payment is the about the same as their current rent.  Saving up the down payment is a bigger issue.  Fortunately there are programs out there to help out such buyers.  Here […]