The U.S. Was NEVER Going to Default On Its Debt; Debt Ceiling Deal Here
I don’t mean to be querulous, but I have to complain about the debt ceiling nonsense again. And actually, I had no idea what “querulous” meant until it popped up […]
I don’t mean to be querulous, but I have to complain about the debt ceiling nonsense again. And actually, I had no idea what “querulous” meant until it popped up […]
Are you in need of extra cash for home improvements, debt consolidation, or other financial goals? Look no further than an FHA cash-out refinance. This mortgage option offered by the […]
Are you dreaming of transforming a fixer-upper into your dream home? Or perhaps you’ve found the perfect location but the property requires significant repairs, upgrades, or home improvements. In such […]
There has been a lot of hubbub recently about FHA’s 40-year mortgages. But – it is all for naught, as FHA is ONLY offering 40-year mortgages for loan modifications for […]
EVERYTHING IS FINE…UNTIL IT ISN’T The former owner of RPM Mortgage (now merged with Cross Country) told me about a particularly harrowing ordeal he went through in 2008. His company […]
BOOMER ERROR! On Friday, I pointed out how FHA rates are now often far better (by over 1%) than Fannie Mae Rates in this blog: FHA Keeps Beating Fannie Mae! […]
Today’s FHA rate for a $1.1 million purchase with only 3.5% down is 6.125%* at no points. To paraphrase MC Hammer: Fannie Mae Can’t Touch That – not even […]
I used to blog quite often about how advantageous FHA loans are for a variety of reasons – In Defense of FHA/Misconceptions Persist. The reasons include: 1. Rates much lower […]
Marketing Rate Buydowns: This is a quick reminder that we love to help listing agents market temporary interest rate buydowns with their listings. We are still seeing agents offer buydowns […]
FHA financing is ideal for first-time homebuyers or borrowers with low credit and limited savings. FHA loans have lower rates than conforming (Fannie/Freddie) loans. This is especially the case for borrowers with low credit scores (under 680).
I recently blogged about three options to eliminate Private Mortgage Insurance (PMI), and I received several notes asking why I did not mention FHA Mortgage Insurance. By the way, I […]
INTRODUCING JVM’S BLOG PODCAST We have turned our blog posts into podcast episodes – perfect for listening on the go. You can listen to this blog as well as some […]
FHA recently announced its conforming loan limits for 2021. The “High Cost” limits mostly match conforming (Fannie and Freddie) loan limits, but the low cost limits are much lower than […]
I received the following questions from a very seasoned real estate agent the other week: “I have a 3.5% down offer for $795,000 on my desk – A. Does FHA […]
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