How To Know If You Will Need Private Mortgage Insurance on Your Mortgage Loan
You may be wondering what PMI is and how you know when you need to purchase it.
Below is the short version of what you need to know. Continue reading
Category Archives: Mortgage Guidelines
Mortgage Approvals : Documents You’ll Need For Your Lender
According to the Federal Reserve’s quarterly Senior Loan Officer Survey, it’s getting easier to get approved for a home loan. Continue reading
Mortgage Standards Stop Tightening; Lending Soon To Loosen?
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending standards. Continue reading
FHA To Change Its Mortgage Insurance Premium Schedule Monday, June 11, 2012
Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year. Continue reading
Reverse Mortgages : Pros And Cons
A reverse mortgage is exactly what it sounds like — a mortgage in reverse. Here’s some analysis on the program and how it could work for you. Continue reading
Mortgage Guidelines Resume Tightening Nationwide
Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Continue reading
FHA Mortgage Insurance Premiums Increasing April 9, 2012
Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today. Continue reading
Loans For Underwater Homeowners : HARP 2.0 Now Available
The new, revamped HARP program is now available. It was officially released Saturday, March 17, 2012 by Fannie Mae and Freddie Mac. Continue reading
FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers
Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, without having to pay the government-backed group’s new, costly mortgage insurance premium schedule. Continue reading
FHA To Raise Mortgage Insurance Premiums April 1, 2012
Beginning April 1, 2012, the FHA is once again raising its mortgage insurance premiums. Continue reading