The American Dream of homeownership may be closer within your reach than you think!! As of July 1, 2017 changes in the way the three major credit bureaus report civil judgements and tax liens is changing to the benefit of some consumers. It is estimated that some credit scores may rise by as much as …
What is a Home Possible Mortgage?
The ideal borrower would have a high credit score, an income that more than justifies the loan, a long, stable employment history, and enough reserves to cover several months of mortgage payments. Obviously, that doesn’t describe everyone. The only option used to be an FHA loan, but that has changed. An excellent alternative to FHA …
FHA Loan Update
On Friday, under the new Trump administration, HUD suspended the 0.25 percentage point premium rate cut for Federal Housing Administration-backed loans until further notice. The Housing and Urban Development’s letter implied that they felt the insurance fund was not yet stable and couldn’t afford it, and suspended the cut “indefinitely effective immediately.” Mortgage Equity Partners …
