Congress voted to extend the current National Flood Insurance Program for 4 months! This extension offers a temporary reprieve for millions of property owners who are getting their flood insurance through an affordable government subsidized program. The purpose of the extension is to reform the NFIP as it currently exists and to keep the coverage …
If you can’t buy your Dream Home…Create it!
With the housing supply at an all-time low and prices sky high, a HomeStyle Renovation Loan can get you into a house that you can make into your dream home with one conventional first mortgage. The HomeStyle Renovation mortgage is a simple and easy way for borrowers to make renovations and repairs to a home …
5 Tips to help you win the real estate bidding war!
You must have heard more than once lately “it is a seller’s market!” And, it is, but that doesn’t mean that you won’t be able to win the bidding war. We talked to experts from the mortgage and real estate industries and compiled a list of the top five strategies for getting your offer accepted …
The Truth about Reverse Mortgages – Can you handle the truth?
Here are 5 things that you need to know! Reverse Mortgages or Home Equity Mortgage Conversion Loans are a great option for older homeowners. HECM’s are a financial tool for homeowners with equity in their homes that they can use to supplement their retirement income. The equity in your home is money that you saved …
30 Year Fixed Loan Rates as low as 18.5% – Call today!
That was the catchy headline in 1981 if you were looking for a 30-year fixed rate loan. However, I doubt much advertising money was spent on that one! In 2018, the mortgage rates are at or around 4.66% and for some folks that is too high. True, it is all relative as housing prices are …
Why am I still hearing about the Federal Stimulus Program?
The Federal Stimulus Program is a plan enacted by the Obama Administration to get the economy back on track after the housing meltdown in 2008. The component of the Federal Stimulus Program that is relevant to the mortgage industry is HARP (Home Affordable Refinance Program). Although it’s been around for some time, in August 2017 …
