For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 basis points. This is a step in the right direction to help drive home ownership. Here is what this means for your bottom line… Presently…
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FHA loans which are loans ensured by the federal housing administration oftentimes have gotten a bad rap, for the costs associated with them as well as the types of properties that will be insured by the FHA. The reality of it is that the NFA chain loan is by far unequivocally the most flexible loan…
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With interest rates as high as they are consumers want adjustable-rate mortgages for payment relief. If you’re thinking about an adjustable-rate mortgage versus a fixed-rate mortgage here are some things, you need to be aware of… The first few years of the mortgage loan are called a teaser rate. A teaser rate is short-term and…
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So, you’re looking to purchase a house, you’re preapproved, and you’re on the home search. You and your realtor are going out on nights and weekends looking at homes and deciding if the house is the right fit for you and your family. Here’s some following information you should be aware of as it relates…
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In order to buy a house successfully unless you’re a military veteran using VA financing you absolutely need a down payment. Down payment assistance programs, no money down programs that do exist is challenging to qualify for, let alone getting into contract. Here is what to know… That being said you need at least $20k…
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Let’s say if you are in the market to be buying a home in the current environment here some things you might want to be aware of with regards to acting on a house that’s within your budget… Let’s say as a result the house you could afford is say $650k. For whatever reason, you…
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Discount point are nothing more than upfront head you pay to purchase a lower interest rate and subsequently a lower monthly payment. In some case the you may not have a choice to pay discount points. Following are those ways… It is reasonable to assume when refinancing with a lower than 660 credit score on…
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Whether you buy a home or rent a home you will still have a housing payment obligation to make each month. The unfortunate reality in Sonoma County, CA is that in many cases you could be easily paying more in rent than you would for a mortgage. Not everyone who rents should be and not…
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