In an effort to make homeownership more accessible, seeing that down payment is often the biggest hurdle, Fannie Mae and Freddie Mac have announced that… Read More »Fannie and Freddie Now Allow Purchases and Refis up to 97% LTV
It sounds like Christmas came early this year…borrowers who already received loan modifications via the Home Affordable Modification Program (HAMP) are now eligible for expanded… Read More »HAMP Participants Are Now Eligible for an Additional $5,000 in Principal Balance Reduction
It’s that time of the year again…namely the end of the year, when year-end tax tips flood the web and our inboxes. With regard to… Read More »Boost Your Tax Deduction by Making Your January Mortgage Payment This Year
I came across a promotion today from a home builder out in Arizona. The press release mentions that the company is offering the “largest incentive… Read More »Watch Out for the Old ‘No Mortgage Payments for a Year’ Gimmick
Though it may soon become easier to purchase a home with less money down, assuming 3% mortgages return as Mel Watt has promised, extracting existing… Read More »Fannie Mae Reduces Max LTV on Cash-Out Refinances to 80%
Ever since Mel Watt hinted at the return of 3% down mortgages, there’s been a lot of worry that we could be headed down another… Read More »Are Low Credit Scores More Dangerous Than Low Down Payments?
If you’re a webmaster, a blogger, or just happen to own a domain name or two, you might be confused as to why there are… Read More »There’s Now a .Mortgage Top Level Domain
I came across an interesting study that explores real estate and mortgage preferences based on personality type (thanks WSJ). Whether you realize it or not,… Read More »Your Personality Determines If You’ll Buy or Rent and What Mortgage You’ll Get
If you’ve ever taken out an FHA loan, you may be eligible for a refund on that costly upfront mortgage insurance premium. Sure, the FHA… Read More »HUD Has $412 Million in Uncollected FHA Mortgage Insurance Refunds
Some good news finally came out of Las Vegas today, and I’m not talking about someone winning a mega jackpot on an oversized one-armed bandit.… Read More »Fannie and Freddie Will Offer 3% Down Mortgages Again
