Yes, it’s possible, however, lenders are looking for stable income when you apply for a mortgage so there are some key points to be aware of if you are in the midst of a job change at the same time … Continue reading
For a very long time, although people could legally work in the pot industry in states where pot had been legalized, those working in the pot industry have not been able to use their income to qualify for a mortgage. … Continue reading
In the lending world, there is often a fear of private roads when in fact, not all private roads are treated the same. Each of the traditional loan guidelines have varying guidelines which I’ve outlined below. FHA defines access to … Continue reading
In early January a sharp decline in interest rates, coupled with buzzing announcements to reductions on popular federally-insured home loans, resulted in both purchase and refinance volume at their highest in six years, according to a CNBC report. After rates … Continue reading
The White House announced Wednesday that the Federal Housing Administration (FHA) will reduce mortgage insurance premiums in an effort to boost U.S. homeownership. Bloomberg first reported Wednesday that FHA will cut its mortgage insurance premiums to 0.85 percent, a 0.5 … Continue reading
Effective January 26, 2015 FHA (Federal Housing Administration) will be lowering the annual MIP (Mortgage Insurance Premium) by .50%. The current annual MIP is 1.35% and it will be dropping to .85%. when making the minimum down payment of 3.50%. This is … Continue reading
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Plowing through Life in the Country...One Calf Nut at a Time
Mortgage Info By Michelle Wickett 