The housing market has come a long way since the housing crash. How do we know? Because for the second year in a row the FHA loan limits are being raised. Because housing prices continue to rise, the amount needed to purchase a home must rise also. What does this mean to you? It means …
Fannie Mae and Freddie Mac are out of control?
Government Control that is if the Trump administration moves in the direction that is expected. It looks like the Trump administration wants to get Fannie and Freddie out from under government control. In a plan released on Monday, the Trump administration asked Congress to raise the fees they pay on mortgage backed securities by 0.1 …
New Loan Limits From the Federal Housing Administration (FHA)
For the second year in a row the Federal Housing Administration, (FHA), announced new loan limits in most areas of the country in 2018. FHA loans are geared toward borrowers that do not have a large down payment on the home they wish to purchase. FHA loans require a minimum of a 3.5 percent down …
Customize Your Own Mortgage Terms
The cat is out the bag… you can customize your loan terms and potentially get a much lower rate. Odd term mortgages, almost unheard of years ago, are becoming more and more prevalent in today’s marketplace. The simple idea is that you can customize the loan term to match a financial goal or a major …
Andrew White Joins Mortgage Equity Partners
If you like working with a loan officer who not only has experience, but also loves his job then you will enjoy working with Andrew White. He brings 25 years of experience in the mortgage industry to MEP having begun his career as an originator in 1993. Andrew helped build Stepstone Mortgage LLC which has …
Ready Set Go! – Preparing to Purchase a Home in 2018
8 tips for a successful purchase in 2018 By all estimates and gut feelings, 2018 is going to continue to present the same challenges for buying real estate as in the past few years, too few properties for too many buyers, multiple offers and finally…. heartbreak. In fact, 2018 could be even more challenging for buyers …
