affordability: FHA Loans Are Getting More Affordable - 02/22/23 06:13 PM
FHA Loans Are Getting More Affordable 
For the first time in a long time, HUD has announced that FHA loans are getting more affordable!  A long time ago, in a galaxy far, far away (specifically, circa 2009 when housing was in a bubble that was bursting), HUD was losing a ton of money due to housing foreclosures, and to offset these losses and improve their finances, they made the FHA loan program more expensive by increasing MIP costs (the cost of mortgage insurance for FHA loans).  Not only did they make it more expensive, but they implemented mortgage insurance that would remain … (6 comments)

affordability: Expensive Does Not Mean Unaffordable - 05/05/21 12:02 PM
Expensive Does Not Mean Unaffordable
 
"Affordable" is not the first word that comes to mind for anyone involved on the buying side of today's real estate market.  While we realize that real estate is local and every market is somewhat different, the vast majorities of markets in the US today have one thing in common - prices that are going up, up, and more up.  DOGE coin isn't the only thing that's been going "to the moon" the past year, as real estate prices have risen nationally in the 10-12% range.
 
With that in mind, would you believe we're in the midst of … (27 comments)

 
John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI)

John Meussner

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Fair Oaks, CA

More about me…

Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI

Address: 23441 S Pointe Dr, Ste 110, Laguna Hills, CA, 92653

Office: (949) 247-7530

Mobile: (484) 680-4852



Listings

Links

Archives

RSS 2.0 Feed for this blog