The current FHA flipping waiver will expire on December 31, 2014. What does that mean for the real estate community? All fully ratified sales contracts dated on or after January 1, 2015 that are written using FHA financing must document … Continue reading
Riding on the coattails of a previous blog posting, regarding what ultimately determines mortgage interest rates, many prospective borrowers may also be surprised to learn that up to eleven different variables may affect the final interest rate they receive. While … Continue reading
Consumers have several choices when it comes to obtaining a mortgage loan. Generally speaking, the three main sources of obtaining a mortgage loan are Banks and Credit Unions, Mortgage Bankers and Mortgage Brokers (although the number of mortgage brokers has … Continue reading
More and more Borrowers are opting for Conventional loan products as mortgage insurance is not required to be on their loan for the life of it as it is with an FHA loan. Following you’ll find what it takes to … Continue reading
And Summer Was Going So Swimmingly The last week of May saw Fed Chairman Ben Bernanke’s Capitol Hill comments sending shockwaves through financial markets, felt as far away as China. A reason why Stock and Bond markets took a pummeling … Continue reading
WASHINGTON STATE HOUSING FINANCE COMMISSIONHOMEOWNERSHIP PROGRAMS The WA State Housing Aurthority has announed it’s new House Key Opportunity program effective August 15, 2012 with interest rates for 1st time homebuyers as follows: FHA, VA & USDA Rural Development Loans: 2.5% with a 1% Origination fee … Continue reading
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Mortgage Info By Michelle Wickett 