FHA Loans Insurance Premiums (MIP/PMI) – Rates + Calculator

Ultimate guide to Upfront and Monthly Mortgage Insurance Premiums (MIP/PMI) rates for FHA purchase loans and (streamline) refinances. FHA charges both an upfront mortgage insurance premium and monthly mortgage insurance on almost all the loans it insures. On December 23, 2011 the President signed into law Temporary Payroll Tax Cut Continuation Act of 2011 which […]

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FHA Loans Streamline Refinance and Rates- A Complete Guide

What is FHA Streamline Refinance? Refinancing of a current FHA insured loan into another FHA insured loan is called an FHA Streamline Refinance. The mortgage to be refinanced must be current (not delinquent). Not all FHA to FHA refinances are streamline in nature. Is there a minimum waiting period before which you can do a […]

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FHA Loans Requirements, Guidelines, Limits and Mortgage Rates – Ultimate Guide

Find out about requirements (including credit scores), guidelines, rates, loan limits, how to qualify and how to apply for an FHA Loan. This post is limited to qualifying for FHA loans as a home buyer – First Time or repeat. Click on this link if you are interested in reading about FHA Streamline Refinance. What […]

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Get Your Offer Accepted in a Seller’s Market

Even with a minor slow down in home sales during recent months,  desirable properties are still getting multiple offers. Make no mistake, we are still very much in a seller’s market. Available housing inventory ranges from low to non-existent in many neighborhoods. With low mortgage rates still pervasive and rapidly increasing home values – buyers […]

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Conforming and FHA Loan Limits Finally Raised for 2017

Fannie Mae, Freddie Mac and FHA have always had maximum loan amounts for loans they secure or insure respectively. In regards to Fannie Mae and Freddie Mac, they are restricted by law to purchasing single-family mortgages with loan balances below a specific amount, known as the “conforming loan limit.” Loans above this limit are known […]

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Mortgage Rates Reach The Highest Level Since January On Trump’s Election

Donald Trump’s stunning presidential election win hasn’t just spooked the poll pundits, it has spiked mortgage rates too. And the spike is fairly substantial. Between Wednesday, Thursday and Today (Market being closed on Friday), mortgage-backed securities have lost a whopping 236 basis points (bps). And we are not even done for the day (see the […]

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What’s Really Going On With the Housing Market?

The fall 2016 home buying season is in full swing with winter –  and 2017 – quickly approaching. Like most, we start our next year housing hypothesis late-summer of the prior year. With 16+ months of 2016 housing and mortgage prognostication in the books – I’m feeling more and more like a broken record. Inventory. […]

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Is Affordability Becoming a Problem for US Real Estate?

What do you do when the free market prices the average – sometimes even the exceptional – American family out of owning a home? The answer used to be simple, people would just rent. In many markets – most major metro area – rents are increasing at rates equal to, or higher than, home values? […]

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[Infographic] Home Values Continue Steep Climb in August

Home prices in the country, spurred by low mortgage rates, continue to forge ahead. On average, American home prices have recovered nearly all their losses from the 2006 crash, but when adjusted for inflation they still have some ground to cover at 20% below the 2006 peak. Home Price Index (HPI) indicates that home prices […]

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Huge Mortgage Missteps to Avoid When Buying A Home

The process of buying a home is just that – a process. Like with any major process there are a multitude of potential missteps to avoid. Let’s discuss three huge ones. Failing to Consider Your Spending Habits and Expenses Lenders qualify you for what you technically can afford based on review of income documents and […]

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