New FHA Condo Project Approval Rules

Quick FHA Condo Approval Rules Guide you may need to know: What is the FHA you might ask? – FHA stands for Federal Housing Administration – An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate income borrowers, FHA loans require a lower minimum down payments and… [Read More]

What is Private Mortgage Insurance? (PMI) Can I remove it?

Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan. PMI is arranged by the lender and provided by private insurance companies. PMI is usually required when you… [Read More]

More Clarity on Fed Direction?

This past week was a classic example of how good news means bad news for Bonds and home loan rates. A little trade deal with Japan, solid housing numbers, and hopeful news on the U.S./China trade dispute was enough to erase the previous week’s modest improvement in rates. And on top of it all, Fed… [Read More]

Divided Rate Cut??

This past week the Federal Reserve cut the Fed Funds Rate for the second time this year, lowering the rate to 2.00%. Remember that the Fed Funds Rate is a short-term, overnight rate that has little effect on home loan rates. Home loan rates respond to the trading activity in Mortgage Bonds, which are influenced… [Read More]

This past week the Federal Reserve (Fed) cut the Fed Funds Rate by .25% to 2.25%, the first rate cut in 10 years.

On the Fencepost to Refinance or Lock? Good timing! This past week the Federal Reserve (Fed) cut the Fed Funds Rate by .25% to 2.25%, the first rate cut in 10 years. Many consumers are wondering why home loan rates haven’t declined by .25% in tandem with the Fed action. Let’s break down how a… [Read More]

Take Advantage of LOW Rates! Debt Consolidation/Refinance action steps!

Seeking to take advantage of Low Interest Rates? Here are a few “action Steps” to begin a Debt Consolidation/Refinance Mortgage Loan! Many Borrowers are Business Owners, Self Employed Borrowers, Families and Investors who do NOT want to struggle with the typical “Local Bank” loan paperwork requirements. (which often clearly lead to a Loan Denial for… [Read More]