Home Loan news
Mortgage Forbearance vs Deferment, there is a HUGE difference between the two options. Please share information about any mortgage or servicing company in the comments below so I can add it to this list. The reason I created this is because what most mortgage companies are offering doesn’t make a lot of sense. Most are …
Mortgage Forbearance vs Deferment (Updated May 2, 2020) Read More »
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 …
The Loan That Killed the American Dream | Stated Income Loan Read More »
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 …
FHA Mortgage Insurance Premium Cut by 0.5% – You Could Save $900 Annually Read More »
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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