Alan's Mortgage Information

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Mortgage and Lending - PrimeLending, A PlainsCapital Company, Equal Housing Lender - NMLS #217388

ARCHIVED BLOG POSTS

2011 

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The Department of Housing and Urban Development (HUD) announced on February 14, 2011 that it would be raising the Annual Mortgage Insurance Premium effective April 18, 2011. The amount of the increase will be 25 basis points per year. On a $250,000 loan with the minimum 3.50% down payment the mon...
02/15/2011

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Do you serve in the military? Are you aware there are special provisions built into the tax code for military members? The IRS has a section on their website to find information on what tax credits might apply to you. Maybe you made a move this year or sold your home. You might even have question...
02/07/2011

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The National Military Family Association has extended their scholarship deadline for spouses of wounded or fallen service members until February 15, 2011. Apply today or share with a friend who might be interested!The military spouse scholarship program recognizes the importance of military spous...
02/05/2011

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Until recently rental payment history was not reported to the major credit bureaus and therefore wasn't included on your credit report. Because it was not included on the report, the payment history was not included in the credit score.Experian, one of the 3 majors credit reporting companies, rec...
02/04/2011

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Will this be good or bad for your credit score? Initially, only positive rental histories will be reported but it is expected that in 2012 they will start reporting negative credit histories. If you make your rental payments on time this should help you credit score and lower your borrowing costs...
02/04/2011

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The last several years have seen great changes in the mortgage industry. Many loan programs have been eliminated and others have had the requirements to qualify tightened. One program that has stayed relatively in tack is the FHA Home Loan. The guidelines have remained relatively unchanged. Over ...
02/04/2011
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