Complete an FHA Streamline Even if You Have a Second Mortgage
August 11, 2022
Some buyers find that they have built equity in the home a few years after buying it using an FHA mortgage. So they take out a home equity loan or […]
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Significant events happen in the mortgage market every day. Lending rules change constantly, and rates are always in flux. We give you the news, but also the “so what” factor: how market changes affect your home finance plans. Whether you plan to buy or refinance, our reports will help you make the best decisions and lower your homeownership costs.
Conventional Loans · News · Refinance
Conventional Refinance | Rates, 2023 Loan Limits & Guidelines
July 25, 2022
A conventional refinance is one of the most versatile loans in today’s market. Conventional refinances can convert any type of mortgage loan into a conventional loan. Simultaneously, a conventional refi […]
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Ask Tim · FHA Loans · News · Refinance
Can I Use an FHA Refinance to Remove a Borrower?
July 25, 2022
The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower […]
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FHA Loans · Home Buying · News
Should FHA Loans Have Income Limits?
June 21, 2022
Federal Housing Administration (FHA) mortgage loans were originally introduced so that those with less than 20% down could buy a home. Generally, those with a small down payment are lower-income […]
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Are Home Appraisal Values Keeping Up With Home Prices?
June 18, 2022
As the housing market continues to come back to life, one of the fallouts over the past year or so has been low valuations in home appraisals, according to the […]
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Arizona’s “Home In Five Advantage Program” = Free Money
June 1, 2022
If you’re looking to buy a house in Maricopa County, Arizona, and you’re coming up short on your down payment, there’s help. The Home in Five Advantage Program offers a […]
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Buying a House: Never More Affordable Than Right Now
June 1, 2022
The National Association of Realtors House Affordability Index for 2012 hit an all-time high of 193.5, which eclipsed the previous record of 186.4 for 2011. Unlike interest rates and home […]
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HARP · HARP 3.0 · News · Refinance
HARP 2.0 & Underwater Mortgage Refinance Options
June 1, 2022
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie Mae’s High […]
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FHA Loans · Home Buying · News
Time is Running Out. Avoid Permanent FHA Mortgage Insurance.
June 1, 2022
As of June 3, 2013, all new FHA loans will undergo some significant changes that could cost homebuyers a lot of money. The change is one of the most dramatic […]
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Complete HARP Refinance Rates & Guidelines | Updated for 2023
January 27, 2022
Editor’s Note: The HARP program expired December 31, 2018. The Freddie Mac Enhanced Relief Refinance (FMERR) loan program is a popular replacement option. Plus, Fannie Mae’s High LTV Refinance Option […]
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