Property Conditions for FHA Mortgage Approval
March 19, 2012
0 Comment
Here’s a great article written by Rosemary Rugnetta on FreeUpdate.com providing background on the FHA guidelines for properties purchased with FHA loans. Property conditions for FHA mortgage approval are an important part of the mortgage transaction. FHA property guidelines are
Continue Reading →Good News for Underwater California Homeowners
March 07, 2012
Refinancing options now exist for California homeowners who are underwater with their mortgages. Refinancing programs depend mainly on the type of financing on your home, but if you owe more than your home is worth, consider these options to reduce your payments by hundreds of dollar
Continue Reading →Hidden Fee Set to Rise
March 05, 2012
Inside the interest rate quoted on your home mortgage lies a small hidden fee that has been charged by government-sponsored entities like Fannie Mae and Freddie Mac for more than three decades. It’s an add-on rate known as the guarantee fee. An increase in the fee has been m
Continue Reading →Mortgage Rates at Lows for Year
May 10, 2011
Inman News reports that mortgage rates dropped for the third week in a row to their lowest point this year on signs of economic weakness, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey. Rates on 30-year fixed-rate mortgages averaged 4.71 percent
Continue Reading →