What is a 40 year Fixed Rate Loan with a 10 Year Interest Only Feature Loan? Are you looking to take advantage of todays Low Interest Rates for longer term? Maybe you seek a lower initial home loan payment after cash out? With Rates on the rise, you are not alone! Our lending products are…

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…

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…

Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession. Manufacturing makes up 12% of our economy, while consumer spending makes up nearly 70%. So even though the consumer remains strong, markets were spooked that this is…

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…

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…

What if the Purchase contract is amended after the appraisal is completed? If the contract is amended after the appraisal is completed, the lender must provide an updated contract to the appraiser if it is amended in a way that affects the description of the real property used by the appraiser. However, minor updates to…

Home loan rates finished this past week essentially where they began, near 3-year lows. With all the chatter of a global recession and elevated fears that the U.S. will slip into a recession thanks to the recent inverted yield curve, why haven’t rates improved further? Is the Bond market telling us something? Quite possibly. There…

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…

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…