Yesterday morning mortgage broker Venessa Ward of Pacific Residential Mortgage spoke to the Bella Casa Real Estate brokerage. She covered a lot of valuable information and I wanted to share some of the key points we learned from Venessa. Venessa provided this FHA loan scenario to illustrate how waiting to purchase will hit your pocketbook […]
Read More →What is an FHA Mortgage?
This is the first post in a series about the FHA (Federal Housing Administration). In short, the FHA is an agency of the federal government that helps borrowers get amounts they qualify for, and assists lenders by reducing their risk in issuing loans. The FHA is the largest insurer of residential mortgages in the world, […]
Read More →Mortgage Rates – Economic Update
The Fed has told us repeatedly that their massive purchasing program of Mortgage Backed Securities is just about over – and this translates to home loan rates rising in the near future. As you can see in the chart below, the amounts of Mortgage Backed Securities the Fed is purchasing are slowly dwindling, as the […]
Read More →FHA Loans Now Available to Homebuyers Purchasing Forclosed Properties
HUD is taking action to speed resale of foreclosed properties to new owners in an effort to help bring stability to home values and accelerate the sale of vacant properties. The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow […]
Read More →New Law Affects Good Faith Estimates
Contributed by: Glen Bremer, Alpine Mortgage Planning Office: 503-718-9856 We begin 2010 with some major changes to the Good Faith Estimate and how it is used. You’ve most likely heard about the new law that went into effect January 1, 2010 stating that mortgage advisors must now honor all lending fees they quote in their […]
Read More →Mortgage Interest Rates for January 4, 2010
Contributed by Travis Newton, Owner & Sr. Mortgage Banker Today’s Mortgage Group ML 137
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Mortgage Brokers to Avoid
When selecting your mortgage broker, rely on personal referrals and choose a local broker with a physical office nearby.
Read More →Mortgages Part 1: Understanding the Lending Industry
Understanding the lending industry and the lending process is vital for buyers so that they can protect themselves and their investment.
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