Maximum FHA Loan Limit Restored to $729,750
Late last week, Congress agreed to reinstate the temporarily inflated FHA loan limits that fell on October 1. So for the next two years, homeowners… Read More »Maximum FHA Loan Limit Restored to $729,750
Soon Just About Any Underwater Borrower Will Be Able to Refinance
The Federal Housing Finance Agency (FHFA) released details of a newly revamped Home Affordable Refinance Program (HARP) today, with the main feature being a lack… Read More »Soon Just About Any Underwater Borrower Will Be Able to Refinance
Some 30-Year Mortgage Rates Aren’t Really Fixed
Let’s talk about mortgage marketing for a moment. I’d hate to call it deceptive, since that’s a term used by the FTC and other government… Read More »Some 30-Year Mortgage Rates Aren’t Really Fixed
Short Sales Can Save You Money If You’re Extremely Patient
If you’re reading this, you’ve undoubtedly heard of a real estate short sale, which allows a distressed homeowner to unload their property for less than… Read More »Short Sales Can Save You Money If You’re Extremely Patient
What on Earth Is a Zestimate and Is It Accurate?
I was on Zillow the other day looking at real estate when it occurred to me that I never really touched upon the so-called “Zestimates”… Read More »What on Earth Is a Zestimate and Is It Accurate?
Shares of Zillow Skyrocket in Nasdaq Debut
Real estate behemoth Zillow went public today to much fanfare. After an original IPO price target of $12-$14, which later rose to $16-$18 before settling… Read More »Shares of Zillow Skyrocket in Nasdaq Debut
What Is an Underwater Mortgage? When You Owe More Than Your Home Is Worth
Mortgage crisis Q&A: “What is an underwater mortgage?” I have no idea why I never touched on this topic before…perhaps I thought it was too… Read More »What Is an Underwater Mortgage? When You Owe More Than Your Home Is Worth
Are Mortgage Rates Higher for Condos?
Mortgage Q&A: “Are mortgage rates higher for condos?” If you’re in the market for a new condo or a townhouse (as opposed to a house),… Read More »Are Mortgage Rates Higher for Condos?
How Much Do Mortgage Brokers Make? No Salary Means The Sky Is the Limit
Mortgage Q&A: “How much do mortgage brokers make?” If you use a mortgage broker, you may be curious what they earn and how they’re paid.… Read More »How Much Do Mortgage Brokers Make? No Salary Means The Sky Is the Limit
Are Mortgage Rates Negotiable? How to Haggle Your Way to Big Savings
Mortgage Q&A: “Are mortgage rates negotiable?” Here’s a popular question everyone looking for a mortgage wants to know (or should want to know). And it’s… Read More »Are Mortgage Rates Negotiable? How to Haggle Your Way to Big Savings