Prior to the real estate meltdown that brought on the ‘great recession’ a decade ago, real estate values were soaring, and buyers would do anything to get in on the action. Wall Street firmly believed that real estate values would never decline as they continued to create riskier products to stimulate sales, until the whole system …
Brad Atwood Joins Mortgage Equity Partners
Brad Atwood has been in the mortgage industry for over 20 years. Brad joined the Mortgage Equity Partners team in 2018 and currently serves his customers as a Senior Loan Officer. He specializes in First Time Homebuyer programs. He is very experienced with all FHA/VA/RD and State Housing programs including streamline refinances and rehab loans, …
FHA Loan Limits raised January 1, 2018
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 …