Just as the Fannie Mae My Community program was becoming more popular, Fannie Mae is going to change it. Fannie released their Desktop Underwriting notes effective in November and one...Read More
HUD has issued a new FHA mortgagee letter 2013-26 about those with foreclosures due to extenuating circumstances, it's also referred to as guidance for "Back to Work". This provides underwriting...Read More
When you own a home, you need to pay your mortgage (prinicpal and interest) and also your property taxes and homeowners insurance. Your payment is made up of PITI (principal,...Read More
For those looking to buy a home, be prepared for multiple offers! This week I had 3 buyers have their purchase agreements accepted – all were part of multiple offers. ...Read More
How do you know if you have locked in your mortgage interest rate? The easy answer is your loan officer should send you a lock letter that you need to...Read More
Traditionally FHA mortgages were used to help first time home buyers with non-traditional credit backgrounds. However FHA mortgages have increased in popularity over the last few years. The low 3.5%...Read More
In the past few weeks I have met with several clients that thought their credit score was better than it was. In most cases they were still able to buy...Read More
A few weeks ago I wrote about how I was encouraged by an appraisal I was concerned might come in under sale price, but didn't… took it as a good...Read More
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