LenderBradford's Blog

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Mortgage and Lending - NMLS142066/250013
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.

ARCHIVED BLOG POSTS

2008 

Suzi Orman is working with the FDIC to inform consumers about the FDIC insurance.   If you go to this site ( http://www.myfdicinsurance.gov/ ) you can watch a Public Service announcement from her.   There is also a link to a calculator on the FDIC Website that allows you to review your accounts t...
09/16/2008
Very interesting Summary of the Seller Funded DPA Programs.  Lets see what happens in the future.  We broke the news about the eventual reinstatement of Nehemiah Down Payment Assistance Program, back in August ,on Bloodhound Blog.  How did we know where this was headed?  We talked to lenders rath...
09/15/2008
Warning FHA Buyers Interest Rates are Great Today and Effective 10/1/08 it will cost you more  to purchase a home because of the changes in FHA Mortgage Insurance. On a $150,000 FHA Loan All buyers will pay a  $375.00 higher upfront premium. Buyers with 5% or Less down will also pay $6.25 more pe...
09/08/2008
You may wish to read this Mortage Letter. Everyone has heard that there is a moritorium on the FHA Risk Based Pricing that were to take effect 10/1/2008.    HUD today issued a the ML that confirms this, but at the same time they increased the Upfront MIP from 1.50 to 1.75.    They also increased ...
09/08/2008
WIth the fact that the Seller Assisted Down Payment Assistance are going away Oct 1, 2008.    What options do buyers have?    Please post your information here and I will update this page for each progam given.    I would prefer you give me the State or Organizations Site to be included in this l...
09/03/2008
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Tim Bradford

NMLS 250013
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Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.