FLOWCHART – Which Mortgage Should You Choose?

Today’s home buyer has more mortgage choices than during any period this decade. Use this infographic to find your best options (from FHA, VA, USDA, Conv). Source: FLOWCHART // Which Mortgage Should You Choose? Let’s face it, there are a lot of mortgage options in the market and these options …

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Understanding Mortgages – “Effective” FHA Mortgage Rates Drop; FHA Loans Even Cheaper

Source: “Effective” FHA Mortgage Rates Drop; FHA Loans Even Cheaper This is a wonderful article discussing FHA loans, trends, costs, and rates.  The declining cost structure of mortgage insurance premiums associated with FHA loans combined with attractive interest rates has changed the lending landscape.  Now for certain borrowers, a FHA …

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6.5 Million Households Skipping A Great Chance To Refinance

As current mortgage rates drop, 6.5 million U.S. homeowners are potentially eligible to refine to lower rates. More refinance talk, plus today’s live rates. Source: 6.5 Million Households Skipping A Great Chance To Refinance This will, more than likely, be the last post today.  I especially like this article because …

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TILA-RESPA Integrated Disclosures (TRID) Delays All Closings 3 Days

The new TILA-RESPA Integrated Disclosures (TRID) is changing the way homes are financed. Will the mandatory 3-day “waiting periods” affect your closing? Source: TILA-RESPA Integrated Disclosures (TRID) Delays All Closings 3 Days Home Mortgages This is a follow on to a blog I posted a few months past when the …

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Understanding Mortgages – What Is the Right Amount for a Down-payment?

One of the decisions the prospective homeowner will make in their quest to purchase a home is the amount of the down-payment.  This is obviously a very important decision and a decision that warrants analysis and forethought. There is no simple “rule of thumb” that can be applied to what the …

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