basics: FHA Premium Reduction Could be Recinded in Trump's "12:01 changes"
- 01/19/17 06:37 AM
Mortgage news you can use. Agents are not loan officers, but we must keep on top of pending changes, especially when working with buyers. John Melnick II with Presidential Bank Mortgage NMLS ID # 527960 in Fairfax provided this information.
"Subject: Potomac Partners Update: FHA Premium Reduction Likely To Be Rescinded & Updated It now appears likely that HUD will rescind the FHA premium reduction on Friday as part of the Trump Administration’s plans to overturn a host of regulations/policies implemented by the Obama Administration. Referred to as the “ 12:01 changes” (i.e. immediately after the Inauguration), we understand each Department/agency was asked … (3 comments)
basics: Follow the Basics When Checking Your Credit Scores
- 01/10/17 05:31 AM
If you plan on purchasing a large ticket item like a new vehicle, land, or house, it is good to know your credit score ahead of time. But where you get those credit scores from can make a huge difference to lenders. So if you are planning on buying a home, stick with proven basics. (1) Check with whichever lender / loan officer you have chosen to work with first. They know which scores they will use, and they know how they can help improve your score if need be. (2) Plan ahead, especially if you think your score is borderline. It can … (1 comments)
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