ARCHIVED BLOG POSTS
2010
What To Do If You Have An Adjustable Rate Mortgage In The Current Marketplace Right now there are many mortgage borrowers with adjustable rate mortgages (ARMs) on which the rate has adjusted within recent years are currently enjoying extremely low interest rates. In essence, some borrowers who re...
10/28/2010
What To Do If You Have A Fixed Rate Mortgage In The Current Marketplace Last week, we discussed the issues facing borrowers who currently have very low interest rates on adjustable rate loans, with fixed rates at such low levels. This week, we shift basis just slightly and look at the other side ...
10/28/2010
In the mortgage marketplace the past few years have been characterized by a tightening of credit standards, making it more difficult to obtain a home loan. What this has done has increased down payment requirements rise in some instance, made mortgage insurance more expensive in other cases and ...
10/28/2010
In the mortgage marketplace the past few years have been characterized by a tightening of credit standards, making it more difficult to obtain a home loan. What this has done has increased down payment requirements rise in some instance, made mortgage insurance more expensive in other cases and ...
10/28/2010
In our previous article we discussed the emergence of cash in refinances, which occur when borrowers bring in money to complete a refinance. This is a type of refinance that because of the amount owed in relation to the property value, requires borrowers to bring money in to close the refinance....
10/06/2010
In past years when the real estate market was moving upward towards its peak and when housing prices were continuing to escalate, so did the options for homeowners to complete cash out refinances. With increased equity from those rising values and with lenders more willing to lend on homes at hi...
10/06/2010
Following up on news we reported in August, FHA mortgage insurance premiums have now officially changed. While the upfront mortgage insurance borrowers will have to pay to get a new loan has decreased, annual mortgage insurance premiums have increased, making most FHA loans more expensive on a...
10/06/2010
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Mortgage Loan Limits Hold Steady For 2011 Current loan limits for mortgages provided through Fannie Mae, Freddie Mac, and the Federal Housing Administration will remain the same in 2011 as they are currently in 2010. This was made official with the passing of H.R. 3081, a bill just passed by the ...
10/05/2010
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