This guide covers refinancing FHA to conventional loan eliminating FHA mortgage insurance premiums. Home sales are hot throughout the United States. Homes in Florida, California, Illinois, Virginia, Texas, Georgia, Indiana, Wisconsin, Washington, and the United States have appreciated double digits in the past 24 months. Dale Elenteny, a senior mortgage loan advisor at Gustan Cho…
This Article Is About Government Shutdown And Mortgage Process Many of my clients and realtors are concerned with the government shutdown and how this temporary shutdown can affect their mortgage loan process and closings. As Congress continues to negotiate legislation to fund the federal government, spending authority for the U.S.government expired at midnight Monday, September…
This Article Is About When Credit Repair Does Not Work For Mortgage Qualification Cases When Credit Repair Does Not Work For Mortgage Qualification: Credit Repair is when a consumer does a credit dispute on negative items to the three major credit bureaus in hopes of deleting the negative credit items off their credit report. The three major credit…
In this blog, we will cover and discuss buying for sale by owner homes. Most homebuyers purchase a home that is listed on the MLS by a real estate agent. Not many folks are Buying For Sale By Owner Homes without a realtor. However, there are cases where Buying For Sale By Owner Homes is…
In this blog, we will cover and discuss the top 11 time-consuming mortgage mistakes to avoid during the home buying process. When buying a house, most of the time, you need to get a mortgage which takes from 3 weeks to 4.5 weeks. Sometimes refinancing (streamline refinance) might take two weeks. Credit scores significantly determine…
This ARTICLE On Illinois First Time Homebuyer Mortgage And DPA Programs Illinois has skyrocketing rents. Many and more renters are pursuing buying a home This holds especially true to Millennials There are many instances where paying a mortgage payment can be less than renting an apartment and/or home There are many benefits with homeownership such…
In this blog, we will cover how to get a mortgage in Wyoming with the best mortgage rates with a lender with no lender overlays. Borrowers with credit scores over 700 FICO can check out discount mortgage brokers in Wyoming, such as www.preferredmortgagerates.com and jumbomortgageoptions.com. How To Get a Mortgage in Wyoming With The Best…
In this blog, we will cover what are rent-to-own homes and how they work. Rent-to-own homes offer both home buyers and home sellers advantages. Homebuyers offer great benefits if the home buyer has recent credit issues. Recent credit issues such as the following will disqualify buyers from traditional mortgages: bankruptcy foreclosure short sale deed in…
Apply Now The down payment on a home purchase is a fixed percentage but not closing costs. There are two types of payments that are required to close on a home purchase. The first is the down payment and the second is closing costs. The down payment is self-explanatory. The down payment required for a…
In this blog, we will cover and discuss first-time home buyers FAQ on qualifying for a mortgage. With skyrocketing home prices, many renters are seriously considering buying their first home. Home prices have been skyrocketing for the past ten years. HUD and the FHFA have been increasing FHA and conforming loan limits for the past…
Many people are perplexed why are people fleeing Illinois like never before in history. Illinois is a great place to live and raise a family but a bad place to live when it comes to your financial security and future stability. Illinois is in financial trouble. Never in history has Illinois had such a budget…
HUD, the Federal Housing Administration parent, has lowered the hefty FHA mortgage insurance premium on FHA loans by 30 basis points. The annual FHA mortgage insurance premium of 0.85% got reduced to 55% of the mortgage loan balance. Reducing FHA mortgage insurance premium is a welcome move for many Americans. This holds especially true for…
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