Articles
September 12, 2012
FHA May Waive Waiting Period
Waiting Period Waived? The FHA is contemplating new, looser mortgage guidelines that would waive its standard “waiting period” after a significant derogatory credit event. Home buyers with recent bankruptcy, foreclosure or short sale may be cleared to buy homes immediately. The Federal…
September 5, 2012
Does an Adjustable-Rate Mortgage Make Sense?
Adjustable-Rate Mortgage In recent years, adjustable-rate mortgages have been thought of by many as irresponsible borrowing. However, they’ve been making a comeback, especially among more affluent borrowers. An ARM may be the right choice for some, even if common sense leads you…
August 29, 2012
Short Sales are Becoming Easier
Easier Short Sales The Federal Housing Finance Agency has announced new short sale rules that might make it easier for borrowers to sell their homes for less than what they owe on their mortgages. The new rules will go into effect November…
August 21, 2012
Getting a Mortgage May Be Tougher, But Still Very Realistic for Most Americans
Recently you may have heard the media say that it’s difficult or impossible to get a mortgage. I’d like to clear up any confusion or untruths. It may be more challenging to go through the mortgage process today, but banks are still…
August 15, 2012
End of Summer Likely to Produce a Flux of Short Sales
Finance and housing specialists are anticipating the summer and fall months are likely to produce a flux of short sales. The multitude of short sales comes as more banks choose a portion of what they are owed rather than have a property go…
August 8, 2012
Growth in Jobs Triggers Increased Mortgage Rates
In 2008 and 2009, the United States economy turned, leading to a national Unemployment Rate of 10%. During this time, mortgage rates dropped since the Non-Farm Payroll Report indicated that the economy, in the months to come, would conceivably decline. In a…
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