Ken 's Blog

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Mortgage and Lending - FAIRWAY Independent Mortgage Corp
Ken Pederson, a mortgage lender and Certified Mortgage Planner in Pennsylvania, talks about wealth accumulation and mortgage advice.

ARCHIVED BLOG POSTS

2008 

Check out the bond chart below. As bond prices go down (see the red), mortgage rates go up. As bond prices go up (see the green), mortgage rates go down.  (please note, there are many factors that push rates one direction or the other, but mortgage rates do tend to move adversely to bond prices) ...
08/29/2008
FHA financing is undergoing some changes as a result of the "Housing and Economic Recovery Act" or HERA. Here are a few of the major changes. *No more seller-funded Down Payment Assitance programs.  Grants and gift money is still OK. *Buyer contributions will be increased from 3% to 3.5% *The rec...
08/29/2008
Another "hot" item in the Housing Reform Bill signed by President Bush last week was the elimination of Down Payment Assistance (DPA) Programs.  A Down Payment Assistance program was allowed by FHA and some conventional loan programs.  What started as a way for non-profit groups like churches and...
08/06/2008
I'm writing to let you know about one part of the new Housing Reform Bill that President Bush signed last week that may be of interest to you.  The Bill was almost 800 pages long, so our resources are still deciphering it.  But, there is one part that will be of interest to many First Time Home B...
08/06/2008
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Ken Pederson

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