Tag Archives: Conventional
19 JanRecord Low Interest Rates…The Whole Story
You may have seen recent news clips talking about RECORD LOW RATES like this one: Housing struggles despite mortgage rates hitting new low or this one: Fannie Fees Fail to Offset Record Low Lending Rates: Mortgages or this one: 30-year mortgage rates at new low I think you get the idea! You might be thinking [...]
Read More ...22 DecAdam & Emily’s Home Purchase Experience
We would like to share with you a story of one of our customers and their recent home purchase… On Saturday, October 29th we received a phone call on our cell phone from one of the best real estate agents around, Patrick Clowes. Patrick was calling about a customer of his who was interested in submitting [...]
Read More ...22 NovFive Hurdles to Mortgage Qualifying
Everyone has heard of the tightening of the credit market but what does that really mean to you? What does that really mean to you as a home buyer? Over approximately the past six years we have gone from a race around a track to get a loan approved to a hurdle race. Let me [...]
Read More ...12 AugWhen is Mortgage Insurance Required?
jscreationzs/freedigitialphotos.net When is Mortgage Insurance Required? The three main mortgage types include Conventional, FHA and VA. Each have their own types of mortgage insurance each with a different name but all do the same thing – protect the lender for a portion of the mortgage in the case you default (foreclose). Conventional Conventional loans normally [...]
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