Think About Conventional Loans

Many clients have these in common. I only have a little bit down payment. My salary is not very high. I want to buy a house. My credit score is less than perfect. I just want to buy a starter home. Is my only choice an “FHA” loan?  FHA has a 1.75% Upfront Mortgage Insurance
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How low will the rates go?

It’s a wacky Wednesday. The rates dropped then raised twice again, so we are back to almost yesterday’s closing. I’m hoping tomorrow will be a calm day. Here’s a post from CNN today. The Dow plunged more than 350 points shortly after the opening bell Wednesday while the S&P 500 and Nasdaq each dropped more
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New Credit Evaluation Changes

A new calculation of credit scores soon could make it easier for millions of Americans to qualify for car loans and credit cards. The new methodology also could provide easier access to home mortgages after tight post-recession lending standards shut millions of potential new homebuyers, particularly young Americans, out of the market. The Fair Isaac
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New style of homes without formal “living” room

The formal living room is dead, but long live the “new” living room. That room so many of us grew up with — with a stuffy “look-but-don’t-touch” aura and crisp vacuum-cleaner marks on the carpet, among other uninviting details — is finally being put to rest. As more Americans are thinking smaller, they’re realizing that
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U.S. Mortgage Rates Decline With 30-Year at Lowest Since October

Mortgage rates in the U.S. dropped for a second week, sending 30-year borrowing costs to the lowest point for 2014. The average rate for a 30-year fixed mortgage was 4.1%, down from 4.12%, Freddie Mac said in a statement today. The average 15-year rate slipped to 3.23% from 3.24%, according to the McLean, Va.-based mortgage-finance
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