ARCHIVED BLOG POSTS
2010
The Mortgage Interest Rate Lock Advisory for Wareham MA for January 29, 2010 Here are some of the events affecting mortgage interest rates today in Wareham, MA. What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.81 this morning - the same ...
01/29/2010
Frequently Asked Question: FHA Changes: What Would I Need Upfront to Buy a Home? Q: Assuming the final price on the home is $150,000, what would I need up front to buy the home with an FHA mortgage? Does the now 2.25% (formerly 1.75% Upfront Mortgage Insurance Premium) have to be paid with c...
01/28/2010
The Mortgage Interest Rate Lock Advisory for Plymouth MA for January 28, 2010 Here are some of the events affecting mortgage interest rates today in Plymouth, MA. What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.75 this morning - the sam...
01/28/2010
Frequently Asked Question: There Are So Many Real Estate Agents... How Do I Pick One? Q: I am looking for a house now, but I'm in my lease until May 31st. I'm a first time buyer and I have no idea how to pick a real estate agent. A: One way to find a real estate agent is to ask your friends and r...
01/27/2010
Frequently Asked Question About Mortgages: FHA Loan Qualification Q: I read somewhere that, to qualify for FHA loan, your mortgage payment should be 30% of your gross income. I got confused. If my income is $3K per month, then 30% of my income will be $900. But if I want to buy a house, whose mor...
01/27/2010
The Mortgage Interest Rate Lock Advisory for Provincetown MA for January 27, 2010 Here are some of the events affecting mortgage interest rates today in Provincetown, MA. What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.94 this morning -...
01/27/2010
The Mortgage Interest Rate Lock Advisory for Truro MA for January 26, 2010 Here are some of the events affecting mortgage interest rates today in Truro, MA. What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.84 this morning - the same as y...
01/26/2010
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Frequently Asked Question: Is there a maximum amount you can borrow on the FHA 203k Rehab loan? Q: If the maximum loan for FHA is $271,000, then can I buy a house for $171,000 and 'borrow' the additional $100,000 to rehab the house? (yes, I know you don't want to over-improve a house and price it...
01/25/2010
The Mortgage Interest Rate Lock Advisory for Wellfleet MA for January 25, 2010 Here are some of the events affecting mortgage interest rates today in Wellfleet, MA. What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.91 this morning - the s...
01/25/2010
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Frequently Asked Question: How Much Can I Borrow With A USDA Rural Development Home Loan? Q: How much can I borrow with a USDA Rural Development Home Loan here on Cape Cod? A: With a USDA Rural Development Home Loan, you can buy a home with no money down. There is not a set maximum loan size; how...
01/24/2010
Rainmaker
395,208
395,208
Lew Corcoran, ASP®
Home Stager & Real Estate Photographer