By

Leslie Vanderwerf

Is it the right time to buy a house?

This is the question that I get asked more than most – other than maybe "what are interest rates going to do?".  It's really hard to answer either question as...
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What not to do before your closing…….

Getting a new mortgage seems simple enough – qualify for the payment and have the money for the down payment, right?  Once you are qualified and have written a purchase...
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No money for a down payment?

For many potential home buyers, the biggest issue is the down payment.  There are several options for people to buy with zero down or very low down payments.  Some do...
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The big stories in mortgages in 2015……

One of the biggest changes in 2015 came in October.  The Consumer Finance Protection Bureau (CFPB) delayed the start of TRID (TILA-RESPA Integrated Disclosure) from August to October stating administrative...
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Fed raises interest rates this week………..

Most of us knew this was coming but it's finally official.  The Federal Reserve met this week and announced that they were raising the Federal Funds Rate to .25%.  This...
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New limits for FHA financing in 2016

Every year FHA adjusts their maximum financing limits.  The limits are based on a percentage calculation of the national conforming loan limit.  This year the minimum loan amount in low...
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Does an FHA loan make sense for me?

Lately I have had several new buyers that have questioned whether they should use an FHA loan or not.  For some, it may be the only option, for others, they...
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Fannie Mae’s HomeReady program

Fannie Mae announced a new program designed to help low to middle income borrowers purchase a new home.  This program will replace the My Community program that ends on December...
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