Fannie and Freddie have both updated their automated underwriting systems (known as DU and LP) to allow for expanded loan to values and other improvements to their guidelines for these...Read More
Mortgage interest rates have been very steady for the couple of months. There has been a little change here and there, but not much movement. The Federal Reserve met this...Read More
Mortgage companies will require a time period to show re-established credit after things like a bankruptcy, foreclosure and short sales. The time periods will vary based on the type of...Read More
The Federal Housing Administration (FHA) has decided to increase the mortgage insurance again! Effective April 1st, the upfront mortgage insurance is going to go from 1% to 1.75% – that...Read More
One of the first questions many potential first-time home buyers ask is if they make enough money to qualify to buy a home. It's a good question, but income is only one...Read More
When you are buying a home, you will talk with a loan officer and get an approval….but is it really an approval or just a pre-qualification? Your real estate agent...Read More
In the last month, there have been several refinance proposals from the White House. Some are calling it the Obama Refinance Program. We have had several phone calls and emails...Read More
Mortgage interest rates have been fairly steady for most of the last month. We have had many different economic reports that show some economic growth – unemployment numbers were better...Read More
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