hud: Upcoming Changes to FHA Policy Highlight the Importance of Acting Now - 01/27/10 04:40 AM
Karl PeidlPleasant Valley Home Mortgage Corp.305 Harper Drive, Suite 3 Moorestown, NJ 08057© Copyright 2010. All About News, Inc
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hud: New HUD Policy Created to Allow Quicker Foreclosure Re-sales! - 01/20/10 07:48 AM
© Copyright 2010. All About News, Inc.
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hud: New Good Faith Estimate (GFE) Rule Now In Effect - 01/12/10 06:38 AM
New Good Faith Estimate Rule Now In Effect
Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers.  The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios.
In essence, HUD is working to bring all lenders up to the same standard of excellence in reporting closing costs that I have always adhered to, estimating realistic fees that a buyer should expect to pay at closing with no last minute … (2 comments)

hud: Great News for First-Time Home Buyers! - 05/18/09 03:16 AM
Karl PeidlSuperior Mortgage CorpAugusta Professional Center 854 S White Horse PikeHammonton, NJ 08037
© Copyright 2009. All About News, Inc.
(2 comments)

hud: FHA Loans Facilitate Home Ownership & Mortgage Rate Update - 03/13/09 03:52 AM
 


The Federal Housing Administration (FHA) program first began in 1934 in an effort to encourage home ownership despite the difficult economic times of the era. The program enables consumers who may not qualify for a standard loan to obtain the financing they need to purchase a home without income limitations.FHA loans differ from typical loans in that they are insured by the Federal Housing Administration, which is a part of the Department of Housing and Urban Development (HUD). Because this insurance reduces the lender's risk on the loan, lenders have greater flexibility with regard to approving loans. For … (4 comments)

hud: 3 News Stories Every Homeowner Should Know - 12/06/08 10:12 AM
 
During tough financial times, news is king. A simple announcement from the media can instantly send the financial and mortgage markets racing in either direction. As the financial markets continue to adjust to the credit crisis, current and potential homeowners will have to adjust and react immediately as well. With this in mind, lets explore the top three news stories that affect both current and potential homeowners looking to make the most of today's buyers' market.
Headline #1: Mortgage Rates Plummet Thanks to the FedIn late November, an announcement that the Federal Reserve and US Treasury would purchase up to $600 … (2 comments)

hud: Conforming Loan Limits Stay the Same - 11/11/08 06:13 AM
The Federal Housing Finance Agency (FHFA) announced that conforming loan limits for 2009 will remain at the 2008 level, except in certain high-cost areas. The good news, however, is that mortgage interest rates have remained favorable as well. Combine this with lower home prices and an increase in inventory in many neighborhoods, and today's real estate market presents a variety of great long-term opportunities. Entire neighborhoods that you may not have been able to afford in 2005 could now be open to you!  
 
Below is an excerpt from the press release, in case you would like to review it. Please … (2 comments)

 

Karl Peidl

Accredited Loan Consultant

Moorestown, NJ

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Address: 305 Harper Drive, Suite 3, Burlington County, New Jersey, Moorestown, NJ, 08057

Office: 8562(521) 200-1224

Mobile: (609) 254-6687

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