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The Loan That Killed the American Dream | Stated Income Loan

Here’s a question I am asked on a regular basis: When is the housing market going to crash (again)? Let’s answer that by talking about the STATED INCOME LOAN – This loan destroyed the economy 10 years ago. It single-handedly killed the American dream for an entire generation – many of whom are still struggling …

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FHA Mortgage Insurance Premium Cut by 0.5% – You Could Save $900 Annually

A new initiative by the Obama administration will benefit first-time homebuyers who take out FHA loans.  The administration has taken steps to reduce the annual mortgage insurance premiums on FHA loans to 0.85% from the current rate of 1.35% of the loan’s value. This FHA mortgage insurance premium cut of 0.5% will help first-time homebuyers save …

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Home Mortgage Options for the Self-Employed

Ever wonder why there are not any home mortgage options for the self-employed? One of the many ironies of working in real estate is that real estate agents themselves often have a harder time being approved for a mortgage than the clients they represent! Self-employed individuals (such as real-estate agents) are generally not seen as the …

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