Hello, I am seeing many investment home purchase deals with seller paid closing costs exceeding the maximum amount and this is lost money for a purchaser. If you are buying an investment home right now, you, as the borrower/investor, must know the maximum that Fannie Mae and Freddie Mac allows is
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03/19/2012
FHA has increased their upfront and annual mortgage insurance premiums again. It is getting very expensive for an FHA loan. If you can qualify for a conventional loan, the costs are much better. There is no upfront MI and much lower annual (paid monthly in mortgage payment) MI. Changes will be ef
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03/16/2012
Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better fo
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03/14/2012
