Author Archives: MikeD
Effective October 1st, 2016, USDA Rural Development has lowered the upfront and monthly fee. The below video shows how this will affect a mortgage of $200,000.
Watch this short video on which documents are necessary for obtaining a valid mortgage pre-approval to purchase a home or refinance and existing mortgage.
Can you really repair your credit? We receive many emails from people trying to “clean up” their credit. The one thing we tell them is that there is no quick way to fix bad credit. Do not fall for scams … Continue reading
There are currently only two ways to get 100% financing for a single family owner occupied home in the current environment. The first method is a classic VA home loan that allows no money down financing with market interest rates. The … Continue reading
I am proud to announce a powerful addition to our website. Clients can now search and receive up to date listings of homes on the market in Massachusetts. Receive the most up to date inventory of homes directly from the … Continue reading
On March 6, 2012, FHA announced a decrease to the Upfront and Annual Mortgage Insurance Premiums on certain streamline refinance transactions. This will make the prospect of an FHA refinance much more attractive, as homeowners will no longer be subject … Continue reading
The VA county loan limits for 2012 have been posted on the Department of Veterans Affairs (VA) Home Loan Limits website. VA County Loan Limits Loan limits for counties in the contiguous United States will range from $417,000 to a … Continue reading
Fiscal Year (FY) 2012 funds have been made available for purchase and refinance type loans for the Single Family Guaranteed Loan Program under a Continuing Resolution (CR) which expires on November 18, 2011. However, refinance funds are very limited and … Continue reading
On October 1st 2011, USDA will change it’s funding fee structure. The new funding fee for purchases will be 2% upfront, and 0.3% annually. Refinances will stay the same at 1% upfront, but will also have the 0.3% monthly fee. … Continue reading
Great News for VA Loans. As of October 1st 2011 the VA funding fee is dropping down to 1.40% down from 2.15% for regular active duty and for National Guard / Reserve the funding fee will 1.65% down from 2.40%. … Continue reading