Archive for 'Industry Updates'

AS LOW AS IT HAS EVER BEEN

On February 1, 2012, The FHA set out a rate of 2.75% on a 15  year conforming rate without points.

The loan will not change for 15 years when it will be paid off.  The  cost of the loan includes the following:

1% fee for the MIP (Government profit), standard closing costs and  mortgage insurance if your loan to value  is >75%.  If you move the rate up an 1/8 or two the MIP will be  ...

At last the government is looking to take care of the rest of the people who do not have Fannie Mae or Freddie Mac loans and are under water. This is an attempt to try and solve the housing problem.

Obama proposes home loan refinancing plan

Whether you are a betting person or not, 5 to 1 is something most people would like to have.  You can!  Take an FHA or VA loan and that’s what you have: five great reasons and one that isn’t so great.

The five on the plus side are the rates, the ratios, the down payments, the streamline refinances and the assumable loan at sale.  Unfortunately, mortgage insurance is required.

The best rates currently available are those offered by the FHA and the ...

Everyone has heard that statement before, but how many of you have seen my picture. Not a picture of me, but a picture that hopefully will amaze you in a way that you will finally make the move to a shorter term mortgage. Enough said; take a look and see for yourself.

Now that you see it ...

If you’re out of work or your hours have been drastically reduced, then I don’t have to tell you about the recession. Likewise, if you’ve lost your home, you know we’re far from out of the woods. But if you’re among the lucky ones who have been fortunate enough to avoid the pain that millions of Americans are experiencing, this column may provide food for thought.

The official unemployment rate is 10%, but when you factor in the number of underemployed ...

When the Framers of the Constitution determined that elected representatives should be allowed to serve consecutive terms in office, they couldn’t have foreseen anything like the multi-year, multi-million dollar campaigns of the twenty-first century.

Given the current size of our country and the cost of airtime, any incumbent who hopes to be reelected has no choice other than to spend a large percentage of her time in office raising money for her next campaign.

Furthermore, since politicians have an ongoing need for ...