loans: Freddie Mac 3% down payment mortgage, qualifying, PMI updates
- 02/23/15 12:28 AM
Earlier this year the president reduced private mortgage insurance rates. FHA loans were more attainable for first time home buyers. Home owners that wanted to refinance and reduce their monthly payments could also participate in the reduction. Now Freddie Mac is about to roll out a new appealing option for home buyers: 3% down payment mortgages coming in March! Contributing to continued Real Estate recovery and stability, the guidelines of qualifying for this type of loan will not be as loose as the guidelines from the adjustable rate mortgage disaster in 2007-2008.
Donald Layton, CEO of Freddie Mac, assured … (1 comments)
loans: Fewer People Behind on Home Loans
- 02/24/10 06:02 AM
Experts tell us, the end of the foreclosure crisis is finally in sight. This is good news indeed for the real estate market in Tampa, Florida. "Housing is on a path to recovery," said Mike Larson, a real estate analyst with Weiss Research in a FloridaRealtors.org News and Events article titled Fewer People Behind on Home Loans. Jay Brinkmann, the trade group's chief economist added the figures probably mark "the beginning of the end" of the crisis. In an effort to bring some relief to homeowners who are experiencing problems with their mortgage payments, the Obama administration's $75 billion mortgage-relief effort … (3 comments)
Earlier this year the president reduced private mortgage insurance rates. FHA loans were more attainable for first time home buyers. Home owners that wanted to refinance and reduce their monthly payments could also participate in the reduction. Now Freddie Mac is about to roll out a new appealing option for home buyers: 3% down payment mortgages coming in March! Contributing to continued Real Estate recovery and stability, the guidelines of qualifying for this type of loan will not be as loose as the guidelines from the adjustable rate mortgage disaster in 2007-2008.
;)
;)
;)
