Posts Tagged ‘Choosing a Lender’

February 1, 2010 1

CHFA FirstStep NOW Available

By Scott in Assistance, Big Changes, Qualifying

On January 28 we first told you about CHFA’s FirstStep and FirstStep Plus programs that were going to be available February 1, 2010.  It is now February 1 and we wanted to let you know the details of the program.
CHFA FirstStep
Through the sale of non-taxable mortgage revenue bonds, CHFA is able to offer mortgage rates [...]

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January 11, 2010 0

The Lender that Could – I Knew I Could

By Scott in Choosing a Lender, Qualifying, Rates & Fees

The mortgage business can be a confusing industry to understand. There are different types of loans, different types of lenders and different paths for loans after closing. All of these can impact your ability to get approved for a mortgage loan, the terms of the loan or how smoothly the process goes. [...]

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January 4, 2010 0

Max FHA Origination Fee – ELIMINATED

By Scott in Big Changes, Choosing a Lender, FHA, Rates & Fees

Effective January 1, 2010 the Department of Housing and Urban Development (HUD) who runs the Federal Housing Administration (FHA) modified their policies surrounding the maximum amount a mortgage lender may charge for “origination” fees on FHA mortgages.  This is no surprise due to the recent changes the the HUD and GFE that went into effect [...]

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