Couple of weeks back Obama made the news again, this time for his Obama's loan modification program . It was focused on one achieved target that it reaches a 500,000 trial loan modifications a month in advance, which is November. Though the critics acclaim that this achievement had little significance. There are still foreclosures taking place and it is not going to stop foreclosures. If we look at the good part about this program, we see that this achievement has not come without cajoling... Read Full Story
The average for usual 30 year fixed mortgage rate carry on to get below 5%. For almost a full month we’ve seen mortgage refinance rates of interest which are near or below 5%. The psychosomatic level has been the discussed of much conversation as a move in any trend over or above this is going to continue a long way in making a decision the long term way of mortgage rates. Lately we observe that fixed mortgage for 30 year can lower your rate up to 4.7%. At times while mortgage rates have... Read Full Story
Lew has an excellent series of Reverse Mortgage Posts that I will be adding to my blog slowly over the course of the next couple of weeks! Very informative for persons who may be considering reverse mortgages!!
Please click on the link to comment on it:
Via Lewis Corcoran - Offering Reverse Mortgages, and FHA, VA, and USDA Loans (Star Mortgage® - Serving Massachusetts and Florida) : What Is A Reverse Mortgage? (Part 1) A 12 Part Series
Part 1 - Definition of a Reverse Mortgage
A... Read Full Story
FHA is very close to running out of money and, as we discussed earlier this week, looking at a variety of was to improve performance including tighter restrictions, larger downpayments, higher PMI costs etc. and the FDIC Read Full Story
Easy Qualification – The FHA loan insures Miami FL lenders against loss for loans made to properly qualified FHA home loan borrowers. So you're likely to find FHA mortgage loans with terms that make it easier for you to qualify. Read Full Story
FHA Streamline refinance after review. enough confidence in you to involve you, the operation * be the kind of service and professionalism you can * Be more impressive than the competition and select Realtors have to offer! ... Read Full Story
Is it possible to get a home loan after being left in a bad financial state? A solution to this dilemma could be through the governmental scheme of FHA loans. For families with a bad credit score a way out could just be a simple ... Read Full Story
A conforming mortgage is one that, quite literally, conforms to the mortgage guidelines set forth by Fannie Mae or Freddie Mac.
Each year, the government sets the maximum allowable loan size for a conforming mortgage, based on “typical” housing costs nationwide.
Loans in excess of this amount are typically called “jumbo”.
While home prices increased from 1980 to 2006, so did conforming loan limits. Since then, however, as home prices have dipped, the conforming loan limit has held... Read Full Story
We are getting a lot of questions in our Mortgage Questions section and over the next few weeks either here or on one of my three blog sites, No Money Down , FHA Loans and Eugeneloanguy I will be answers some of the questions posted. I am hoping that by answering questions posed by the public we can get better information out there than what we have been seeing on the internet. There are a lot of myths and fallacies on the internet, just take a look a previous post of mine to see what I... Read Full Story
It says – Subject to re- qualification , rate or points change from 6.4%, with 0% origination fee and 0% discount fee. Any help would be appreciated – this is stressing me out and I can't get my loan processor on the phone!! Thank You! ... Read Full Story
