Fannie Mae’s Foreclosure and Short Sale Waiting Periods Updated

Fannie Mae’s Foreclosure and Short Sale Waiting Periods Updated Fannie Mae recently changed their policies regarding the purchase of a home after a major credit event like a foreclosure, short sale and bankruptcy. The changes are both positive and negative, but seem to focus on reducing the wait times for those that encountered an “extenuating circumstance” or in layman’s terms a one-time or temporary event that led to the negative credit event. These... Read More

Buying a Home After College

Buying a Home After College

Buying a home after college is easier than you think. Providing school transcripts can replace the 2 years work history requirement. Low FICO and Asset programs available.

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The FHA Mortgage Migration – Buyers are searching for greener pastures

The FHA Mortgage Migration – Buyers are searching for greener pastures Since the beginning of the financial crisis in 2007 HUD’s FHA loan has been the go-to option for home buyers due to relaxed credit requirements and minimal down payment.  Over the past few years FHA has molded into an expensive unrecognizable product that essentially encourages borrowers to avoid it.  FHA has increased both the upfront MIP and yearly MIP requirements and decreased maximum loan... Read More

7 Mortgage Interest Rate Pricing Factors That You Should Know

7 Mortgage Interest Rate Pricing Factors That You Should Know 7 Mortgage Interest Rate Pricing Factors Looking for the best mortgage interest rates?  It’s time you learned how to weed out the nonsense and find the best mortgage deals around. Mortgage companies constantly bombard you with “teaser” advertisements that offer unobtainable and/or manipulated information that’s intended to draw your interest.  The advertised deal may sound fantastic,... Read More