Category Archives: Blog

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USDA Loan Alert: Annual Guarantee Fee Changes for FY 2013

USDA has issued a bulletin this week announcing that the up-front guarantee fee and annual fee will be revised as follows effective with conditional commitments issued October 1, 2012 (start of fiscal year 2013).  Note that the effective date of … Continue reading

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Upside Down Homeowners Have Refinancing Options in 2012

Many homeowners want to take advantage of the current low interest rates this year, but since 2005 the real estate market has been on a steady decline in most areas.  The plunge in values causes problems for homeowners who are … Continue reading

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Understanding Your Credit Score and Report

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

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How to Buy a Home With No Down Payment In 2012

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

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Website Update!: Search MLS Homes for Sale in Massachusetts

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

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Price Cuts Announced for FHA Streamline Refinance. Can You Benefit?

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

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VA County Loan Limits for 2012

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

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2012 USDA Funds Available Under Continuing Resolution

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

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USDA Changes Funding Fee Effective October 1, 2011

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

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VA Lowers Home Loan Funding Fee Effective 1 October 2011

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

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